While I personally may never be able to prove this, I am of the opinion that there may be share price manipulation taking place by someone involved in making a market for EnSilica shares.
I have been tracking the stock intimately for some time and noted various examples of unusual behaviour. Don’t get me wrong, the company is still what I believe it to be, a great opportunity for future returns in my opinion, however the share price may be suffering manipulation at times to possibly encourage emotional or algorithmic buying or selling.
Take for example yesterday, a single Uncrossed Trade (UT) of just 2 shares at 53.8p defined the reported closing price, despite the bid offer mid point at 16:30 (market close) having been 52.5p. Why, when the vast majority of trades all day had been ‘Off-book‘ would a UT appear after 16:30 and define the closing price for the day. Very odd.
This UT gave an unnaturally higher close than should have been the case in my opinion. Perhaps a motive for this may be to make the relatively low volume sell off today appear relatively worse, and leave anxious recent buyers in a state of duress or panic. They may even choose to sell because of this possible manipulation making the fall more sustained.
We have not sold a single share and do not intend to given the prospects for EnSilica. However I shall be contacting the Financial Conduct Authority with my findings.
EnSilica: I have suspected share price manipulation for some time…
byu/_DoubleBubbler_ inDoubleBubbler
