SKT Sky Network Television Limited.

[Ogg]

17.2

[sb9]

17.2

Topped up few more at close...

[Ogg]

Topped up few more at close...

[Ogg]

[biker]

19 trades right at the close at .172 400,000 shares. Average about $3600 per trade. Market manipulation?
Previous trade was at .176.

Disc. Bought more today at .175
Certainly some interesting transactions and volume over the last week or two.

[justin5]

I saw

400,594

shares offered at 16.6 @ around 4.50pm ... then that same offer changed to 16.7 a few minutes later.

THEN ..... they were sold just before 5pm! Consequently, the share price went from 17.6 to 17.2 in that short amount of time.

Why would anyone sell almost a cent below market value? And, just before closing? And, what would they be trying to achieve? Hmmmmm .......

[justin5]

19 trades right at the close at .172 400,000 shares. Average about $3600 per trade. Market manipulation?
Previous trade was at .176.

Disc. Bought more today at .175
Certainly some interesting transactions and volume over the last week or two.

I saw

400,594

shares offered at 16.6 @ around 4.50pm ... then that same offer changed to 16.7 a few minutes later.

THEN ..... they were sold just before 5pm! Consequently, the share price went from 17.6 to 17.2 in that short amount of time.

Why would anyone sell almost a cent below market value? And, just before closing? And, what would they be trying to achieve? Hmmmmm .......

[Ogg]

19 trades right at the close at .172 400,000 shares. Average about $3600 per trade. Market manipulation?
Previous trade was at .176.

Disc. Bought more today at .175
Certainly some interesting transactions and volume over the last week or two.

Of course it's manipulation!

I watch the stock all day, there's no fooling me.

That 400k parcel was sitting at 17.6 all day.

There was ample opportunity to sell at 17.5. Even 17.6 was getting nibbled at often. There was massive volume at 17.5 yesterday so there was no need to dump way below VWAP on such little volume traded.

If that was a genuine sell order they would have come down, or at least broken the order up into $10k lots and then slowly filled 17.5.

You don't wait all day trying to make a few extra bucks by holding out that long, not to mention sitting in line behind a wall of other sellers. Then 15mins before close have a massive panic attack and decide to dump it all @ 17.2 during the pre-close session for everyone to see. Seriously, who would do that type of sh*t



It's a god dam bot - plain and simple, designed to push down the closed priced so that muppets read the paper the next day or come home from their 9-5 and see that the stock has barely moved.

The money manger at Kiltearn is probably waking up in London now with his cup of tea. He'll see that it closed at 17.2 and will be on the phone to sell another large block trade tomorrow to Mr Singapore at 17.3

[uravgtrader]

How are you seeing it's someone from Singapore buying/selling the shares?

[justin5]

I'd like to know that too ... and see the post I made about late trading over 3 hours ago