Apex Resources Inc (SLMLF)

[sam75]

Morning fishin

Just some thoughts about the small dollar value trades.

There are a lot of people who trade exclusively on chart patterns. Sometimes market makers and traders will buy small quantities to manipulate the charts.

There are some traders that just don't like the price going down, or in some cases shorters trying to bring price down.

Thirdly there is a school of thought that market makers have a code to talk to each other. Found this on the net

-100 I need shares.
-200 I need shares badly,but do not take the stock down.
-300 Take the price down so I can load shares
-400 Keep trading it sideways.
-500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.

Sure there are more reasons, I guess the people buying them are the only ones that know