I'm looking at those buy queues and the lack of volume and have the following theories:
1. The queues are the shorters, but they're stuck there because retail have cottoned on to the pattern and are no longer selling.
2. The queues are shorters gone quiet for a few days to lure in cautious retailers before launching an 11th hour attack before production, hoping for maximum nervousness of the weak hands.
3. The shorters have been trying to allow a small run for a few days now before their final attack, but everyone is so weary now that they're not buying it.
4. The queues are retailers who've think they worked out the bottom of the range, much to the annoyance of the shorters underneath them.
5. The queues are a stack of Crawford's orders, hoping to catch one of his infamous ride ups next week while simultaneously putting up a blocking wall as a bit of payback to that idiot he doesn't like at GS, SS, BoA etc.
6. The ASX computer is frozen, that queue data is actually 2 days old. The current SP is actually 46c but none of us realise this.
7. Everyone (longs and shorts) is waiting for an announcement from SYA, hence will be sitting there stagnant for 7 months
8. The insto's actually bailed out 2 weeks ago and the only shorters left there are the bandwagon small timers who don't quite have the volume or co-located bot servers to push down further.
But hey, I'm just guessing so open to other suggestions.
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Last
3.3¢ |
Change
-0.002(4.41%) |
Mkt cap ! $334.5M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.2¢ | $824.0K | 24.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
41 | 5319190 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 5394523 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 4695394 | 0.032 |
45 | 7521481 | 0.031 |
56 | 7146856 | 0.030 |
38 | 9362930 | 0.029 |
28 | 4983296 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 5399067 | 23 |
0.034 | 7037579 | 13 |
0.035 | 8159587 | 28 |
0.036 | 7595850 | 27 |
0.037 | 6338588 | 24 |
Last trade - 14.51pm 03/10/2024 (20 minute delay) ? |
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