If you can’t find any good reason that the share price drops, then the chances are there for a “tree shake”.
When a market maker is trying to fill a large institutional buy order, sometimes they may not have enough shares. They start to gradually drop the share price in order to “scare” people into thinking the company has a problem.
Weak holders will sell up, and the market maker continues to drop the price until enough weak holders have relinquished their shares. The market maker then fulfils its large order and returns the share price to where it started. Be eagle-eyed for all news relating to companies you hold shares in, and you’ll be better able to spot tree shakes and not get caught out.
IMO it looked like a tree shake to me.
P.S: If i had the power to conduct tree shake, I'd do it myself to suck up every single share of VMOTO.
(I've seen it done many times before particular with companies that have HUGE potential UPSIDE)
DYOR
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.27M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $47.99K | 384.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 15550 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9 | 0.120 |
5 | 160883 | 0.115 |
2 | 70000 | 0.110 |
2 | 58257 | 0.105 |
2 | 16500 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 15550 | 1 |
0.130 | 447698 | 5 |
0.135 | 94459 | 2 |
0.140 | 579689 | 4 |
0.145 | 112654 | 3 |
Last trade - 15.05pm 08/10/2024 (20 minute delay) ? |
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