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Joelstar

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17/01/25

12:21

Post #: 77446289
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Originally posted by Prisoner24601: ↑

We’ve had similar patterns to this in the past, even so far back as when the company was in the 30-40c from memory. Firstly, very low volume, under 2/10ths of 1 percent of shares on issue traded - so you can’t attribute much weight to what’s happening right now. Secondly, it’s just not the way a fair dinkum seller of shares unloads or sells down. A seller wants to get the highest price possible, the last thing they’ll be doing is smacking down the share price, hitting lower and lower bids with relatively small trades. Sophisticated sellers will sell into high volume, and generally use the bots to keep price high throughout the day - we have the reverse here. It’s very often the case that a share price will be pushed down into an appropriate range from which to effect a takeover, and it’s also a way to put pressure on retail holders to get them to part with their shares.
At the end of the day, only one way to make money and that is to buy low-sell high, so that’s what I’ve down this afternoon (buy) and I’ll probably pick up some more in the closing price auction.
Good luck all.

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The tree shake is working.
Retail brokers make up four of the top eight largest net sellers by value during the month of Jan.

SPR Price at posting: $1.44 Sentiment: Buy Disclosure: Held
16 Upvote

2 Great analysis

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Chart, page-876

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Chart, page-876

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