Ok who dumped the big 1 million today?????
The buy/sell spread on POH has been consistent for weeks now.
There are always 4 million plus shares for sale and only 1 million wanting to be bought.
As soon as there is a massive sale (LIKE TODAY), someone jumps in and brings the selling total back up to over 4 million.
This is an orchestrated sell off by a big holder who wants out.
The SP will suffer downward pressure so long as this seller is lurking behind the scenes, or until POH make an announcement that reveals some cash flow or a contract.
selling pressure
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.507M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $4.366K | 1.455M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 90468113 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 60283238 | 17 |
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| Last trade - 15.51pm 26/07/2024 (20 minute delay) ? |
| AVE (ASX) Chart |