SYA 8.33% 2.6¢ sayona mining limited

General Discussion Topics, page-133883

  1. 12,830 Posts.
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    Dude. I think you are missing something in your ' Bolt On ' approach to learning while you go. Its ALL about distribution. The ' Bagholders ' as you say are most likely already those Index players who will be mandated to SELL..... and obviously when you work back the volumes to when we came in , they actually paid a lot more. So they are now facing losses. But don't think for a minute that One Insto does some sort of favors for another. Its dog eat dog in their world as well. So when that pump was engineering to 7.2 cents from 3.7 via 4.7....6.0-6.1 ( my calls ...wink.png ) , they ' Players ' who were taking advantage of the consecutive ' EVENTS ' - ie appointment of DOW , dropping of DFS followed by Piedmont's exit .

    They ALL knew where the volume ' trigger ' points were and what likely was also going to trigger SHORT stops on the way up and BUY stops back on the way down. So those who played it to a ' T ' knew when to exit into the rally and have sat back and watched all this volume on the way down. So their money ( the winners ) has been made out of it , and the ' Bagholders ' as you say are those NEW players who bought into it who may in fact invoke their own series of ' Stops ' and thereby ( hopefully not ) triggering a new low for those who spearheaded the whole thing to wade into it again at the lows before it goes again on a favorable news event or series of events .....like it did. But the key point here is that they already know the KEY share price trigger points based on volumes traded previously and historically.

    So one positive is that they show'd that they could ' Squeeze ' some shorts juice out of the rise based on the shorts ' stop ' position and thereby creating the BUY volume necessary to complete the Piedmont exit. Unfortunately , that is the way it is , and to a degree , the NEW Top 20 will hopefully paint us a little bit of a better picture of how it went down in the absence of any meaningful Broker Data provided during the pump & dump.
 
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Last
2.6¢
Change
0.002(8.33%)
Mkt cap ! $267.6M
Open High Low Value Volume
2.5¢ 2.7¢ 2.5¢ $644.8K 25.17M

Buyers (Bids)

No. Vol. Price($)
12 649222 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 8046304 35
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Last trade - 11.05am 16/08/2024 (20 minute delay) ?
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