Pretty simple, stock standard thing happening here.
Lots of downward price manipulation by certain folks designed to help them acquire more shares at low sp.
For those new to the game, rather than be bummed, understand it for what it is. It's a great sign. These tactics only ever happen when a stock is on the cusp of a big run.
Those in the know (those with inside info) try to acquire as much as they can as cheaply as they can as they're aware of the impending news/run. To do that they use a small amount of their current holding to place downward price pressure and create artificial lower sp.
Frustrating for newer traders who haven't seen it before, hugely exciting for those who've been in the game a while and know the tricks that the big guys use to get rich(er).
Happy days!!!!
Ann: Appendix 3Y-PLP.AX, page-3
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Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.388K | 694.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 77 | 77284360 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 66924077 | 51 |
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