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Drugo

260 Posts.

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19/04/18

21:04

Post #: 32570164
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Originally posted by Hiddenvalue ↑

Unfortunately ASIC don't investigate a share price going down caused by traders exiting in droves following the lead of other traders trying not to be the last out. Some instos would have followed suit as they will be able to buy back in cheaper also. They were only too pleased to be able to average down also.
There are some here who are now appearing again on the thread sensing/ knowing the bottom has occurred. They are buying stock on the back of others who have followed the relentless selling. Unfortunately the events in share price is caused by smart money and sophisticated traders taking advantage of the initial sell off and continuing to manipulate supply and demand to instill fear that this will continue to fall. They may even use fancy charts with different colored lines and technical terms to argue where the price will be tomorrow and in a week or a month in an attempt to serve their own interests. Some sophisticated traders have now got the opportunity to come back in with a 20%-30% discount or a larger parcel on the back of many who possibly lost 30%. We should see an improvement now in the quality of shareholders over the next month as traders who lost out big will avoid re entering. Warning for all TRADERS is don't expect announcements until July or August now!!! Yes I don't like sophisticated traders because the last two weeks SP is the result of these ones. Illogical selling on the back of good news and strong fundamentals. As always small caps are easily manipulated.

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BLK Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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