A stop loss can be a dangerous thing, when someone with deep pockets sets out to trigger it. When the sophisticated investors get shares to their hands in particularly the shares they purchased at 0.08 as I suspect is now the case then they are happy to margin trade and lock in their percentage gain.
This will often manifest in them selling down and triggering the stop losses as they are often purely focussed on margin and volume trading not future price potential.
In my opinion that is what we are seeing play out today, sophisticated investors taking a profit while retail buyers have their stop losses triggered.
I got nervous about this happening yesterday and sold out this morning at 0.097 and bought back in today at 0.084. There is money to be made in a capital raising by either taking part in it or taking advantage of it.
At current prices Nor is good buying and currently the way this stock can turn with a snippet of news is impressive.
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.20M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 36182 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.032 |
1 | 200000 | 0.031 |
3 | 233895 | 0.030 |
2 | 220000 | 0.029 |
2 | 700000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 36182 | 1 |
0.040 | 100000 | 1 |
0.041 | 123849 | 1 |
0.046 | 21759 | 1 |
0.050 | 1000 | 1 |
Last trade - 16.12pm 02/09/2024 (20 minute delay) ? |
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NOR (ASX) Chart |
Day chart unavailable