GREY:SXRZF - Post by User
Post by
gskohlion Mar 23, 2010 12:38pm
608 Views
Post# 16913992
Down on purpose
Down on purposeThe big players have been bringing down the price forcibly on purpose just dumping their very own shares in big blocks and then buying back in big blocks afterwards. This is so called manipulation in the share market and accumulation of cheap shares. But this is a very long process, sometimes it takes 1 or 2 weeks, sometimes it can take a month to pop up , buying on ask price, no matter how many shares are available and what price is being asked or offered. The big players happened to increase the bids size and price and they start buying all available shares in ask side just to bring the market up.
Just wait for now
.60 - $1.00 up at a later date.
I happened to see in level II the following orders :-
98 ask orders in the range from $3.50 - $3.60
Looks like the next resist level is $3.10 or it could go higher to $3.50