Selling and buying back 1lot share is common practice just to influence trend. Looks like trying to push down price for DRP price fixing range. collect..collect....collect.
It seems to me the trend has gotten worse the past 1 week. Value still intact but one can never fight the chart. Most likely, the price will head towards 2.0+. No point fighting with the market when the trend is week. What's more important now is preserve capital then buy in just enough for dividend.
As I explained earlier, the DRP price will be based on the weighted average traded price for the preceding 5 days (days not selected yet) less the declared Dividend 12sen less a further discount upto max.10%. So the lower the price the better until the DRP is fixed.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alex Chan
3,915 posts
Posted by Alex Chan > 2015-03-20 15:58 | Report Abuse
Selling by 1 share to influence the sell rate?
Investors not so stupid