RE: Somebody...14 Nov 2016 16:38
I was looking out for that delayed. I very much doubt it's a very large block trade because it wouldn't have bounced so hard. If one of the MM is still short they might be providing the cheap shares as party of an acquisition algorithm to try and close out. When STGR was stuck in a similar trap at 3.25p-4.0p last summer (yes, I still shed a tear about that) it ran a very similar course for a couple of months. Nothing moved it, not news, not buying.
The, suddenly out of nowhere it re-rated up above 5p. It was most bizarre, watching buying and news come and go, share price stuck in the rinse. Then out of nowhere it put on 50%.
Was either a short closing or some volume play by a trader with serious batting power. I'm hoping we will see similar here, with a spring back to minimum 2.5p, which is why I'm also happy to collect at or under 1.5p.