Sell orders are out of character - over the fence!
212,600 for sale at 39 cents.
297,922 for sale at 40 cents.
This is not genuine.
Sellers of this magnitude would not flag their attentions so flagrantly.
Institutions are not into stupidity when it comes to managing such matters.
Shows all the signs of a blocking move to keep price low.
We know the buying pressure is all but exhausted - until positive developments that is.
So institution can be blatent in building large sell orders.
Knowing they wont be snapped up.
Miningnut's suggestion that this could be a move to keep share price low leading up to a rights issue (my interpretation of miningnut's post) makes more sense now.
Institution with millions of shares will clean up if rights issue comes after a period of low share price.
All the more reason for smart money to accumulate.
Cheers
NT
- Forums
- ASX - By Stock
- AVM
- from spec to investment?
from spec to investment?, page-8
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVM (ASX) to my watchlist
|
|||||
Last
2.5¢ |
Change
0.002(8.70%) |
Mkt cap ! $3.385M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.5¢ | $674 | 26.96K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 240382 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.022 |
1 | 156420 | 0.020 |
1 | 252900 | 0.019 |
3 | 466773 | 0.018 |
2 | 300000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 240382 | 1 |
0.028 | 240000 | 1 |
0.029 | 180013 | 2 |
0.030 | 42637 | 1 |
0.032 | 65069 | 1 |
Last trade - 12.27pm 22/08/2024 (20 minute delay) ? |
Featured News
AVM (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online