It's about mind games. The big boys play them. Just when you think it's on the rise, they trap you into buying in FOMO. Then, bang! down she tumbles leaving you with doubts whether to buy or sell. This in turn creates panic.
Remember, the price does not need to go down so to speak even if the intention is to send the price lower. It's all about creating doubt. When their is doubt there is panicToday was a move from the big boys. There was absolutely no requirement for the price to have a sudden burst of buying post announcement. However, it was that panic that created the buying. It will be that panic that will see this tumble back tomorrow.
Little lesson 101
Ann: $500,000 Convertible Loan Agreement, page-68
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Last
21.5¢ |
Change
0.025(13.2%) |
Mkt cap ! $421.2M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 22.5¢ | 18.5¢ | $4.334M | 20.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 82000 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 136156 | 3 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |