RICH is in 14 ?

STOCK HUNTER · 1 RICH is in 14 ? Thu Jun 23, 2011 8:35 pm

STOCK HUNTER

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Dear Friends, in my CDAX it saws today RICH open price as 14.. and high is also same Is it correct ?
( I know that this is my Ignorance, some thing there that I already don't know )
please correct me.

insidertrader · 2 Re: RICH is in 14 ? Thu Jun 23, 2011 8:38 pm

insidertrader

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There was a 100 going at 14 as the first buy. I guess for that to happen there may not had any sellers below 14 at the start.

Actually it would be impossible to not have sell orders below 14. I wondered at that time too.

Gaja · 3 Re: RICH is in 14 ? Thu Jun 23, 2011 8:47 pm

Gaja

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fast few days i noted the selling price of 1st SLT Transaction at 61

micky · 4 Re: RICH is in 14 ? Thu Jun 23, 2011 8:50 pm

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correct sir

14.00 100 1.90 09:30:01 N

invest-abc · 5 Re: RICH is in 14 ? Thu Jun 23, 2011 8:59 pm

invest-abc

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Few days back some thing similar happed to me. I placed a sell order at 22.90 (1,000) for CFVF at pre-open and the order was filled at 25. I feel sorry for some one who had placed an incorrect buy order at 25. I think that was by far the highest price for the last two weeks.

tubal · 6 Re: RICH is in 14 ? Thu Jun 23, 2011 9:28 pm

tubal

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This is the early morning market manipulation which has been happening 2-3 days a week since early february. Several members including yours truely spoke about it extensively.

Since april DIAL always opens at 11, SLTL at 61. BUKI and CARS usually open about 5% above the previous close. One fine day BUKI went to 1400 while it normally traded at about 1100. Once DFCC was pushed to 188 (when normally at around 170).

The objective of this excercise is to fool retailers into thinking we are having a green day. Smart money watches the market for 5-10 minutes before making any decisions. And they also keep the http://www.cse.lk home page open in their browser because it shows them which shares contribute to the ASI being up or down.

Akalanka · 7 Re: RICH is in 14 ? Thu Jun 23, 2011 9:55 pm

Akalanka

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tubal wrote:This is the early morning market manipulation which has been happening 2-3 days a week since early february. Several members including yours truely spoke about it extensively.

Since april DIAL always opens at 11, SLTL at 61. BUKI and CARS usually open about 5% above the previous close. One fine day BUKI went to 1400 while it normally traded at about 1100. Once DFCC was pushed to 188 (when normally at around 170).

The objective of this excercise is to fool retailers into thinking we are having a green day. Smart money watches the market for 5-10 minutes before making any decisions. And they also keep the http://www.cse.lk home page open in their browser because it shows them which shares contribute to the ASI being up or down.

Tubal i think you are right, if a counter starts with a 5% gain and did several tradings , lot of buyers will jump in thinking that "this is the share of the Day" . if it did not catch up will just fade away and if by chance it catch up the rally will continue.

I think lot of ppl are eying in RICH for some movement

And if the trading at 14.00 was with a volume of 100,000 the total story will be changed . . . ..
Very Happy

abra12 · 8 Re: RICH is in 14 ? Thu Jun 23, 2011 9:56 pm

abra12

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This is pure manipulation.No doubt.But they use minimum cost for manipulate and fool retailers.Only 100 shares in Rich case.

xhora · 9 Re: RICH is in 14 ? Thu Jun 23, 2011 11:01 pm

xhora

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DIAL most of the days opens at 11 if you observed properly. and our wonderful ASI respond nicely by jumping up 0.8pct even the trade is 100 shares.

This happen because there are no seller below 14 but the person who put the buy order put it at 14. So one lucky guy who has put a sell order at 14 gets his order filled.