I'm not much of a trader, I'd go broke if I made it my day job. Yesterday was a big surprise to me, and for tomorrow I have no idea... but today was different. Today we had information ahead of time from the TSX. And it wasn't a subtle coin-flip arbitrage, the Canadians looked at us and thought "they're insane". They ended the day down. Couldn't even match the ASX on yesterday's opening price, let alone $1.8 or whatever it got to.
I've never seen a clearer indication that the ASX was overcooked. Mix in the fact that we're dealing with market-cap misinformation and we have a stew. Genuinely has anyone ever seen a situation quite like these last couple days? I've seen similar situations but this was next-level.
The handful of users that kept pumping the stock probably did people some damage. Attempting to take advantage of a situation where the facts aren't crystal clear (market cap, liquidity). The rampers seem far too cocky to be ignorant of the unfolding events so I don't think they were acting in good faith when they continued to yell 'BUY FOR $2+' all through the night and early morning. It's good cause to be wary of some of you going forward.
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45.0¢ |
Change
0.010(2.27%) |
Mkt cap ! $267.9M |
Open | High | Low | Value | Volume |
45.0¢ | 45.0¢ | 43.5¢ | $722.4K | 1.624M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 49433 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 54800 | 2 |
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No. | Vol. | Price($) |
---|---|---|
2 | 49433 | 0.445 |
3 | 26020 | 0.440 |
1 | 34482 | 0.435 |
6 | 73947 | 0.430 |
2 | 53224 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 54800 | 2 |
0.460 | 100000 | 2 |
0.465 | 82621 | 2 |
0.470 | 74000 | 2 |
0.475 | 74613 | 3 |
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