Originally Posted by
NT001
Just been chatting with my broker, who says there does appear to be a big seller who is not up to any hanky-panky but is trying to ensure he/she gets a minimum of around 59-60c and is controlling the flow accordingly but will at some stage disappear. And meanwhile there are buyers who see that there are plenty of shares available at that price so why push the price up? Regarding the 3 shares at today's opening he thinks it's just someone filling an order to bring their holding up to a nice round 10,000 or so, and said the first trade for NZX today was similarly for just four shares. I told him that some of my mates are suspicious and wonder whether a T/O is in the works. His advice was to watch for any movements and declarations among the bigger shareholders. I'm personally not able to assess the credibilirty of all this, just passing on what he said.