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DTR Following a Trend?

 Dateline Resources (ASX: DTR) looks like it is starting a trend. HOWEVER, we are hard-wired to look for patterns, even where patterns don't exist. So I may be completely wrong, but it looks like the traders (as opposed to investors) are having a great time.

To me it looks like:

1. The share price rockets up.

2. A large holder (a trader) drops their lot and sells, taking a small profit.

3. Others see a big lot get dumped and panic, selling theirs as well.

4. As a result, the share price drops.

5. The trader who originally sold their bundle now buys more shares at the lower price (essentially increasing their share holding for the same money).

6. The price rockets up.

7. Repeat.

Is that market manipulation for personal gain? Absolutely. Can you do anything about it? Absolutely not.

Just remember that the trend is a share price that is increasing.

Just 3 weeks ago, DTR was at 0.6 cents. And even after today's sell-off, it's at 3 cents. 400% growth in 1 month. OMG.

Update. It bounced back and closed today at 4.3 cents. That's a 618% gain in 3 weeks.

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