Under Attack/Ankerhoo
in response to
by
posted on
Mar 27, 2008 10:20AM
The company whose shareholders were better than its management
Ankerhoo,
good post, not everyone has access to level ll data and thus can not get a clear picture of what is really going on with ARU share price.
Tell me, would you call the fact that 100,000 shares of ARU were dumped at market on no negative news into thin asks, guaranteeing to drive the stock price down significantly as it did, dumb trading or manipulation.
Of course I am being sarcastic. It was a deliberate run on stop loss orders in order to shake the latest batch of traders out who jumped on the latest run up in price. The accumilation continues by the usual suspects.
A nice trend in ARU has formed over the last 3 months of higher lows and higher highs. Marginally negative news that a matter of 6 months ago would have tanked the share price is having less and less of an effect.
The tradeable float of ARU shares out there must be getting extremely small by now.
The 6 hundred pound Gorilla that has been sitting on ARU's share price for the last year and a half is now only able to control how fast ARU share price rises at.
Opportunity has once again presented itself.
Unfortunately I will not be able to take advantage of the situation myself being that I am once again back in the US on work related business for the next 2 - 3 weeks. I make it a strict rule never to access my personal accounts over open access internet connections which are the only kind I have convinient access to at the moment.
It is too bad because after yesterdays bit of theater I new something was up and could have taken advantage of it to easily accumilate some more shares myself.
By the way opgtrader, thanks for calling the situation yesterday correctly and calling a spade a spade. I see you immediately had your post reported but Agora rightly deamed it acceptable. Obviously because of your ranking someone cannot delete your posts like they can mine.
Regards,
F.F.