TSXV:AUN.H - Post by User
Post by
AngelEyes3on Dec 24, 2012 8:11am
318 Views
Post# 20768590
Very clear to figure out what happened
Very clear to figure out what happened The hedge funds came in and raided the stops that were placed on the junior silver producers. They cleaned out the stopps and aquired cheap stock. It has been done several times in the past. When a stop is placed the MM can see it and if many are placed as were in AUN at the 80 to 90 cent level. The MM can see this and cause a water fall event by selling shares at lower prices which in turn triggered the stoo\ps which would feed on themselves and trigger additional ones until the result was a wash out in shares. Monday will be another thin market therefore if games are to be played they can be again. But it is also the last day of tax loss selling and most likely given what took place on Friday we should see some recovery. Do not expect a full one becasue a thin market can be easily controlled.