It feels like the BEOT are struggling to cover their shorts below $4.70. The typical huge fake sell order Vs buy order volume overhang, low actual trading volume, narrow trading range, constantly adjusting stacks of orders on the sell side to maintain pressure so ordinary sellers have to go in front of those big sell orders to sell, at low prices, to the waiting big buy orders of the covering shorts.
Using my totally unreliable crystal ball, i think they will run out of price suppression ability by Friday afternoon as they don't like holding shorts over the weekend. I think we will pass $5 next week as we get closer to the dividend.
GLTAH!
Good News & Bad News, page-32680
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Last
$3.11 |
Change
-0.200(6.04%) |
Mkt cap ! $9.425B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.22 | $3.09 | $351.2M | 110.8M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 75 | 321684 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 180143 | 51 |
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| Last trade - 15.00pm 03/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |