yes he was buying at the lows , no one who puts that much effort into a thread who isn't interested in the stock
he puts his orders in and then down ramps, NOT TO MOVE THE PRICE but to create volume because as you mentioned people like you are above him in the queue so he needs more people who don't know what they're doing to start to doubt their choices and sell
he doesn't care about his negative statements because he knows it won't affect the price especially in a couple months
the peoples minds he's playing with don't need to have decent volume because when you start to convince a couple hundred people the volume starts to add up, and when so many retailers have joined the market who don't know what they're doing and scare very very easy when they're risking their small amount of savings
he looks believable because they don't understand what they're doing and the price is crashing because of the iron ore price, cyclical movements or a whole bunch of other reasons (which they don't understand)
what they see is this one guy is saying the price is going down while the price is going down, they think maybe he's right I'm gonna sell and buy back at his arbitrary 1c price he's talking about
MGT share price, page-10193
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $18.93M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.5¢ | $955 | 5.081K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 90763 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 94170 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 90763 | 0.180 |
5 | 68682 | 0.170 |
3 | 14400 | 0.165 |
1 | 8000 | 0.160 |
1 | 10000 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 85210 | 5 |
0.200 | 19530 | 2 |
0.220 | 3773 | 1 |
0.250 | 3120 | 1 |
0.000 | 0 | 0 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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