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3.7¢ biotron limited

Ann: Letter to Shareholders, page-205

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makka

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16/10/23

19:46

Post #: 70374338
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Originally posted by $$$$$$$$ ↑

It's all perfectly normal Trading,
nothing just goes straight up in a straight line....

There will be Pro's selling cheaper than what they bought for,
To trick others into doing the same,
So they can a accumulate a very large position.

Although in this case it may not work for them,
If we buy up all of their cheap shares !!!!

That sort of looks like it's been what's happening,
as they have tried to push it down likely aiming for 10% or so,
To trigger stop losses so they can Buy them all up Cheap,
But have not been able to accomplish that.
Which makes me laugh.
Also makes me think their plan is not working,
That they will give up soon and
run out of Ammo.

There will be those who T2'd with the Banks Money,
using several times their portfolio value
Of the Banks $$$$ that they don't have and can't cover.
So they pretty much have to sell the next day no matter what....

That seems like a very quick way to lose a lot of money quickly,
And not a tactic I would use.

Some suggest that Banks profile people like this,
And know how many are T2'ing and if they cannot afford to cover it.
Not sure why they want to screw over their own customers,
but that what seems to happen....

Then theirs Day Traders who only hold anything for a Day,
Others who have unexpected expenses pop up.

Then there's the Long Term Holders,
Who will not Sell BIT no matter what before the news.

Those who really believe in what BIT has,
And have done their research,
Reading all of the excellent results from BIT's previous Trials,
Understanding their success rate and vale of the markets BIT 225 is used in.

Some will have done Peer Comparisons and Valuations,
As well as Market Valuations,
Looked at potential buyers,
And other similar deals to really Understand the True Value of BIT....

People like this may never sell,
Unless their is a Take-Over....

Expand

Agree, definitely manipulated today to bring the sp down, there was only small nibbles at 10.5 in the morning with most accumulations at 10c then 1092,283 were added to the 10.5c by one seller forcing selling at 10c, 10c buy kept getting reloaded, why would you place over 1m shares at 10.5 increasing the sell at 10.5 to over 2.8m unless one is accumulating and capping the sp. Then came a dump down to 9.7 and the seller of those 1092,283 shares were moved to 9.8 to force more selling lower on a red day on the ASX. Had to leave and couldn’t follow any more.

BIT Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change -0.003(7.50%)		Mkt cap ! $33.38M

Open	High	Low	Value	Volume
3.8¢	4.0¢	3.7¢	$13.74K	361.7K

Buyers (Bids)

No.	Vol.	Price($)
1	421052	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	19000	1

View Market Depth

No.	Vol.	Price($)
1	421052	0.038
5	636326	0.037
3	350000	0.036
5	253214	0.035
2	540000	0.033

Price($)	Vol.	No.
0.039	19000	1
0.040	92320	2
0.041	433344	3
0.042	117600	1
0.043	102000	1

Last trade - 15.39pm 05/07/2024 (20 minute delay)

BIT (ASX) Chart

Ann: Letter to Shareholders, page-205

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Ann: Letter to Shareholders, page-205

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