Its the same old carry on from the sponsoring broker,imo.
They get a % cut to run the CR'ings and part of the deal is to spt the SP which is to their adv as its easier to push the price up to get a higher avg price for the CR.
It happens over and over.
They also make a profit from spting the SP by selling at a higher price when they push it up on news allowing them to continue the cycle indefinitely at no cost and usually at a profit.
Dont forget they are fully informed of all issues and manage the situation to benefit themselves and what they per sieve to be in the best interests of you the LT shareholder and the company.
As a result to protect yourself you need to do as the broker does and that is to buy when the selling stops as they will then push it up and then when you see the selling in the 250k 500k lots sell also. Not necessarily all your shares but whatever you want to protect yourself from large losses but still be in the game for any big discoveries.
I have watched this stock daily from 2004 and have done very well out of it.
Best of luck to you all.
All the above is my opinion only :-)
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- ur all ignoring the fact....
ur all ignoring the fact...., page-22
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $113.8M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.4¢ | $94.24K | 6.267M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 9218732 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 9218732 | 0.014 |
14 | 5933846 | 0.013 |
6 | 1895832 | 0.012 |
5 | 885272 | 0.011 |
2 | 100000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 300000 | 1 |
0.016 | 2909974 | 7 |
0.017 | 7504872 | 11 |
0.018 | 7052228 | 11 |
0.019 | 3135000 | 4 |
Last trade - 15.46pm 10/09/2024 (20 minute delay) ? |
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PCL (ASX) Chart |