This is likely what that trader wants you to think.
Sorry, I hate to be conspiratorial because I think most of HC is filled with people over exaggerating the idea of 'manipulation of stock prices', but on this occassion I think it's pretty reasonable that if someone wanted to sell 3m of LRS, they could have done it any time yesterday between 7 and 7.5 but chose not to.
Also, if they are selling for tax losses, time isn't on their side, which also makes it all the more likely to be a fake order attempting to cap the price.
LRS General Discussion, page-6367
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 (20min delay)
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Last
20.5¢ |
Change
0.010(5.13%) |
Mkt cap ! $573.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.8¢ | $8.342M | 41.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 715111 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 2711162 | 16 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |