Does anyone have any thoughts about what is going on in the market at present?
And more importantly, why?
I STILL don't think it's a pump and dump in any normal sense.
There haven't been many big sells today, and the big accumulators of the previous few days are now looking at a market price lower than the great majority of their purchases. So, either they didn't anticipate what's happened in the short term (very unlikely) OR they had taken a longer term view of SOR's value (or at least potential value). Big buyers, of the sort of volume we've recently seen, don't often make major mistakes like buying into a stock at above market value, only to have the price drop away from their buying prices when they stop buying.
So I still think the market analyses of the big players has brought them to the conclusion that NOW was the time to buy into a stock with near-term prospects of going up in price and staying there.
But that still doesn't explain what is happening TODAY. (Return to original question). Any enlightening comments, anyone?
Pig.
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.15M |
Open | High | Low | Value | Volume |
4.3¢ | 4.4¢ | 4.3¢ | $4.031K | 93.38K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 224883 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 157975 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 224883 | 0.043 |
4 | 394473 | 0.042 |
2 | 174500 | 0.041 |
8 | 420525 | 0.040 |
1 | 12693 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 157975 | 2 |
0.045 | 29984 | 1 |
0.046 | 10000 | 1 |
0.047 | 28884 | 2 |
0.048 | 300000 | 2 |
Last trade - 15.33pm 16/08/2024 (20 minute delay) ? |
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SOR (ASX) Chart |