Wednesday, April 15, 2015

Cliq is artificially pushed down

Both the mother share and WA call warrant have been pushed down, exactly at 4.50.00 pm. Why this particular timing is significant is that after 4.50.00 pm, traders can only buy or sell at the last done price. Obviously none of the current warrant holders would sell their in the money warrants at this price.

















Notice how precise the timing was to push down the mother share.


















The same can be seen in the WA call warrant.











Since it was done precisely at 4.50.00 pm, buyers could not offer more than RM 0.125 while sellers will not release their warrants at this price.

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