Has anyone else noticed that over the last few weeks there is a seller who continually taps the price down in small volume at intervals throughout the day. This activity is clearly designed to drag other sellers in at the same level. There is no doubt that the seller is either on the bid in much larger volume hoping to buy or he is just keeping the price low in the hope that a CR is announced at a discount to current market levels in which they will participate. With many traders locked in at higher levels and looking to go elsewhere(like lithium or uranium etc) the program seller seems to have the upper hand for the moment. Us long term holders are thus caught in the cross fire and the only way to benefit is to also accumulate at these current bottom of the range levels and wait for the tide to turn when the resource update and/or drilling results are released.
IMO DYOR GLTAH
GML Share Price
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 (20min delay)
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $10.28M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $7.555K | 287.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 267031 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 130000 | 2 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| GML (ASX) Chart |