They want to hold it back for as long as possible. This way they don't have to fund the $$ for too long (ie; more than a day or two) to get the $ hit on the ann.
Why buy at .54 today and wait 10 days for ann making no profit while you wait when you can have a sell order sit there and restrict the sp movement for 10days (at no cost) just to buy up the day before the ann and get your 20% overnight??
These guys are trading a few hundred grand on one ann, that's alot of coin that can be played elsewhere until the ann comes and still maximise your profit.
They still hold a bulk lot of shares to manipulate with, but the last few times even the 500/700k orders have been chomped out one line at a time before a good ann, leaving them (traders) high and dry.
A few cents makes a BIG diff...
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $348.8M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $193.7K | 977.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 1493897 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 510753 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 1493897 | 0.195 |
20 | 1372005 | 0.190 |
16 | 2255955 | 0.185 |
8 | 831672 | 0.180 |
6 | 382022 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 429253 | 12 |
0.205 | 720721 | 11 |
0.210 | 660258 | 14 |
0.215 | 357844 | 8 |
0.220 | 945612 | 18 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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