Next week is the week! Looks like people are getting excited again given the last two trading days
Managed Fund boss: "How are we going with VLA?"
junior: "We have filled about 1/2 of the volume we need. No one is selling to us"
boss: "Keep the volume up, even if you have to buy and sell to yourself all day"
junior: "yes we're doing that, but we are making up almost all of the day's trades. No one is selling to us".
boss: "ok thump the price down 10% and see what happens"
junior: *click*....waits.....
boss: "what happened? any reaction? any stops triggered?"
junior: "no we just cleared all our own bids".
boss: "fuc.k. If we push it down too far, these traders are going to be all over it and buy up OUR stock. Just keep at it. We may need to take out every price level up to 20c if we don't get any more stock today".
junior: "ok"
boss: "do you know how to do that?"
junior: "yes, we enter the order seconds before VLA opens. It gaps up to 20c, we fill the bid side and then start selling heavily into those bids so that it doesn't attract traders. Then sell it back to about 12 cents".
boss: "exactly. Bloody traders, give the irrits. Only we should have access to this company. Who do they think they are?"
.... and so on.
Not as excited as the sellers today?! High 11c low 7.6c for a tidy gap close.
Same as the other day. "Flush those friggin' day traders out of my company".
I watched the trading for most of the morning and there was nothing 'organic' about it. Private traders just do not trade that way. If a stock is primed to run, and has strong sentiment, it runs. Traders allow it to run until it gets overbought. Or in the case of a very weak Ords (such as we have at the moment), you end up with a long upper wick on a small white bodied candle. The trading was just so negative and inhibitory, and it achieved its aim.
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