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I still have an absolute belief that there are some people whether they be traders or fund managers who move prices on various counters. The Stock Exchange has an investigative section which should investigate all non normal price and volume movements. Whether they really fulfill this function fully is open to conjecture.
I hold 1.5 mill Nutrition shares which for months have been flipping between 1 cent and 2 cents - a 1 cent move in my case makes a substantial value change as all of my holdings were purchased at 1 cent. Last week the share continued to flip between 1 and 2 cents but the volumes went up significantly. This week the price has flipped between 2 and 3 cents pretty much everyday and volumes are significant presently almost 1.8 million shares have traded today alone, so someone/body is moving the price. There has been no sens out recently to announce some ground shaking event so I suspect insider trading or a BEE deal being put in place. the former is almost impossible to investigate as the onus is on the JSE to prove this, and not the other way around where the company has to defend the price movement or volume increases
Nutrition is pretty much a penny stock but if it gets to 5 or 6 cents I could make a substantial profit if I can unload my holdings, why do I hold them - simple - could make a lot of money if they improve markedly, but it is also a bit of a hedge against CGT for tax puposes