GREY:COLUF - Post by User
Comment by
BebeRebozoon Jan 26, 2010 4:13pm
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Post# 16721122
RE: Mac Attack
RE: Mac AttackMacquarie's dumping appears to be mostly programmed trading - 100 share allotments hitting the bid, along with them putting up big asks to cap the stock from going anywhere - ie - whenever buying would come into the stock suddenly House 11 would appear with batches of stock to sop up any buying - which is exactly the kind of behavior you see from professionals trying to accumulate stock while keeping the price down. This technique works well when companies are in a news vacuum, and extremely well when the markets are in a tailspin. The last few days have been the perfect storm to manipulate the stock price, and accumulate stock at much lower levels then we've seen in quite some time. I sincerely hope that at tomorrow's AGM management blows us away with some huge announcement, and that this is timed with some sense coming back into the markets as well. I guess we shall see.