I've have reflected on the past few days.
What could've happened is that a false run was created by some wealthy pumpers, mopping up/line wiping all the way to 50, effectively starting a wave.
Then they stuck in props at 50c and gradually offloaded above 50c. Could explain why we haven't seen a substantial holder notice?
With all the hype created by the promise of big international money coming we could've been all tricked, however this conducted outside of the fundamentals, which will hopefully speak for themself when proven and why I am happy to hold.
Thoughts?
Trading strategy, page-65
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Last
26.5¢ |
Change
0.035(15.2%) |
Mkt cap ! $520.0M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 26.5¢ | 23.8¢ | $1.749M | 6.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 154283 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 574294 | 17 |
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| Last trade - 10.46am 07/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |