If anyone follows Wychoff and how price cycles work, market makers are very good at making good stocks look bad. They destroy momentum in a stock and create bearishness to acquire cheap supply. In spec land they will stop liquidity completely to shake loose holders who are expecting price appreciation in the near term. For days, weeks, months on end they will stagnate the share price completely in service of meeting an accumulation point. They have a longer time horizon and are happy to sit on paper losses before realising a massive gain.
I find it interesting the commentary on the current action because bearish sentiment is exactly what they want from retail punters like yourselves. With the way the broker data has shaped up, it is very, very rare to see this much pro money enter a spec stock. They are not trading but holding which has a significant impact on the free-float. The way NVA closed on Friday was telling, kill liquidity, wait for loose supply then mark up. UBS did not liquidate their $1mil+ position on the JORC announcement but instead bought more on the way down. Ignore your bias and really see the big picture here. The inferred nature of the JORC is inconsequential, the real question is why does smart money keep on buying in? Not just UBS but Morgan Stanley and JP Morgan where they have more stringent risk parameters in their fin advisory (even if buying on behalf of a client)
It is very generous for those to share broker data. The only way to really survive in the spec game is to follow the smart money. Punter commentary and speculation is just noise, take a scientific approach to this game and you'll win. If you don't, the likelihood of being a baggie just increases and you're just gambling vs taking calculated risks.
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Last
19.0¢ |
Change
0.010(5.56%) |
Mkt cap ! $51.66M |
Open | High | Low | Value | Volume |
18.0¢ | 19.0¢ | 18.0¢ | $60.89K | 329.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 143570 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 26256 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 143570 | 0.185 |
4 | 82800 | 0.180 |
1 | 10000 | 0.170 |
7 | 258481 | 0.165 |
3 | 137000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 26256 | 2 |
0.195 | 99067 | 5 |
0.200 | 50000 | 1 |
0.205 | 4882 | 1 |
0.210 | 14650 | 2 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
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