Serious Technical & Fundamental discussion only, page-480

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bigpelican

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18/08/21

12:46

Post #: 55383083
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Originally posted by Mr Pig: ↑

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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I too don't think it was the normal pump and dump. The sheer volume of the buy up over recent weeks has not been sold back into the market.

I think recent sellers were/are the FOMO buyers who jumped in during the stampede and now getting out when instant gratification isn't been met....

In my opinion if there is something solid looming there will be a further buy up....Cheers

SOR Price at posting: 33.5¢ Sentiment: Hold Disclosure: Held
11 Upvote

2 Great analysis

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(20min delay)
Last 4.8¢		Change 0.002(4.35%)		Mkt cap ! $22.50M

Open	High	Low	Value	Volume
5.1¢	5.1¢	4.8¢	$8.448K	171.4K

Buyers (Bids)

No.	Vol.	Price($)
1	64408	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	126295	1

View Market Depth

No.	Vol.	Price($)
1	64408	0.048
1	147378	0.047
2	242619	0.046
2	83000	0.045
2	62847	0.044

Price($)	Vol.	No.
0.050	126295	1
0.051	74890	1
0.053	50000	1
0.055	19390	3
0.058	2000	1

Last trade - 15.45pm 17/07/2024 (20 minute delay)

SOR (ASX) Chart

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