GREY:KXLAF - Post by User
Comment by
M139on Oct 18, 2012 6:15am
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Post# 20496858
RE: AR $10
RE: AR $10 Although there may be some who are selling, for the most part the volume is due to manipulation. The sellers are the ones buying trying to make it look like selling pressure to get your shares, to make it look like there is resistance to go any higher and that they made you a great offer. If this volume is maintained and the price starts to move down then that means they are winning and getting your shares. If the price starts to move up you will see some large buy orders so they can recover the shares they are playing with and take it to the next level where the manipulation will resume.
So far I have not seen any indication of another company/group/individual doing any big buying that would indicate another offer coming this would show up as an increase in SP, but it is still early and volume is still good so at the moment its a hold and wait and see.