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151647605
commented on a stock ·

Suspicious ongoing undercutting for HMC

$HMC Capital Ltd (HMC.AU)$ this has been going on for weeks. It’s getting ridiculous. Each day pre-open the order book would show strong upwards pressure. Then after 1-2 hours each day, there would a random spout of sell orders 2-3% below the trading price. Repeated without fail the next day. Then today this has happened to a more severe extent. It’s been known that the company’s 2025 results will be very strong for a while now. Fundamentals are very solid. Very suspicious. Likely a big player with a vendetta against the company/directors. Maybe due to the fact shares have fallen from circa $13 previously and they want to prevent them from recovering as payback
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Emm
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