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clock Created with Sketch. 05/04/18
19:18
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Originally posted by preempt
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We've seen a couple of 4.5m and 6m share transactions on open these past two days which were taken out very early in trading. Are these genuine or a bit of share shuffling from one account to another? Smoke and mirrors to create illusion. I can't think why someone would take 4.5 or 6m placement shares to just dump them first thing. I know there's a quick profit to be made taking placement stock and dumping it for a few pips but why not wait off screen and feed them out slowly, given the growing interest in the stock ... it could be a trap for the uninitiated?
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this is the accumulation game, they just dump enough to suppress the price but actually buying a lot more
