There are 3 groups of people here
Instos
Sophisticated Investors (deep pockets)
Mugs
Instos shill (with the aid of bullish broker reports) placement stock to their sophisticated investor clients.
Their sophisticated investor clients dream of the quick gains. Many scalp for a quick 20% and move onto the next placement.
Mugs sit on forums going “wow weeee…look at those broker targets. To the moon!!! Lambo time!! Lambos on the mooon”
So at $1, Instos are trying to support the stock price so their clients can recoup some of their money.
Same happens on every speculative stock.
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Last
$1.83 |
Change
-0.020(1.08%) |
Mkt cap ! $2.310B |
Open | High | Low | Value | Volume |
$1.83 | $1.85 | $1.78 | $27.05M | 14.90M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | $1.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.83 | 193359 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 1.820 |
1 | 15000 | 1.815 |
2 | 33424 | 1.810 |
5 | 96900 | 1.805 |
9 | 136155 | 1.800 |
Price($) | Vol. | No. |
---|---|---|
1.825 | 193359 | 7 |
1.830 | 72738 | 4 |
1.835 | 145491 | 3 |
1.840 | 345733 | 10 |
1.845 | 226234 | 5 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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