GREY:ECCMF - Post by User
Post by
freedom32on Oct 28, 2010 10:56am
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Post# 17623926
RE: It seems to me...
RE: It seems to me...that either someone is accumulating or this is being manipulated. Whenever the bid gets taken out a pile of shares show up immediately to fill the void. It would make sense to me that if allowed to trade normally or if someone wanted to get cheap shares, they could easily allow this to drift lower, but it appears that the price is being propped up somewhat. I don't have access to level2 so I can't see if it's always the same house involved or not. Anyone see a pattern involving the same houses? Secondly, does anyone have access to the trading activities of the houses on that 5 million share day last week that they could post? Any pattern there as to who was accumulating and who was selling? Something triggered the big volume.
Again, to me it points to someone accumulating or manipulating the price for some yet identified gain. This doesn't seem to be normal trading in my opinion.
Freedom