Forum Archive Index - February 2000
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[sharechat] AQL - dumping or collusion??
Re AQL:
Yes, I have noticed too that between 3.00-3.30pm today, there was very heavy
trading of AQL shares at "discounted" rates. I am concerned about possible
"dumping" but the enigma still remains, why were the shares quickly snapped
up in the half-hour period too? Did someone or some people "in the know"
knew that the shares were coming on at that price during that half-hour
period and snapped them up just as quickly as them being "released" into the
market?
For the record, some pretty sizeable lots "changed hands" during the
half-hour - 127k, 123k, six lots of 100k, 95k, 85k, 81.5k which all equalled
to about 1.1 million shares. These shares certainly did not go begging at
that time and I truly suspect there is a collusion somewhere between some
people.
Maybe the sherlock holmes types amongst our lot might have some answers.
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