Hey mate,
Very good thinking, but here is my counter.
If I had options I wanted to exit:
My previous post described why I would rather convert then sell as its a better approach financially.
So now I have converted and I want to sell stock (not options). I want the price to be as high as possible of course so I can offload and roll around in my millions like Uncle Scrooge.
How do you propose I get the price up as part of a "pump"? Only 2 options I can think about without pumping in media, forums, twitter etc.
1. I buy more stock and hope that I attract enough traders to buy and help prop up the price. Issue with this is I would need to be putting more money into a stock I wish to exist, AND, I would be risking the traders I've attracted jumping ship before me or at the same time as me.
2. I use my existing stock to create liquidity and sell. But this means I have to have enough people about there mopping up 16m shares at higher prices than recent prices. Why would they do that?
I just don't understand the mechanics you allude to. I am not being "clever" in my questions, I am genuinely curious. Because if I knew the answer to how to move a stock price up and "pump" it (without talking it up publicly - with just my own trades) then my strategy might be very different for all stocks.
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Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $51.84M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 1.9¢ | $24.34K | 1.215M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 1080621 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | 0.020 |
4 | 1580000 | 0.019 |
16 | 1271612 | 0.018 |
5 | 807891 | 0.017 |
5 | 1728529 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 1080621 | 4 |
0.022 | 255000 | 2 |
0.024 | 531781 | 3 |
0.025 | 406936 | 5 |
0.026 | 45454 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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