Disco..
I am confused.
I was not home at the close so I am not familiar with what you described.
I assume there were two orders to BUY... sitting in the market depth... did not get taken during normal trading time... so in the after market match up they increased their buy price to 1.22 ...(presumably to guarantee success in the "auction").
Is that what happened?.... I reviewed the sales that took place immediately prior to 16:00:00, and see that apart from the string at $1.12, only one sale executed ($1.13)... at 15:59:46.
I could not help myself today... took up a position in the market depth at $1.11... sat for some time and eventually got filled in several chunks..... another 5000.
With the size of the parcel I was already holding, this action speared me directly into the "deep greedy sphere"... something I have always managed to avoid, but it has been "forever" since I have found myself in such a strong positional trade... lifted my average from 39.7cents to 43.7cents after taking past trades into account.... and my downside risk is minimal.
PVM's overall market depth has turned dramatically from its former brilliant status... something that also happened prior to the last big announcement.
Check out a good market depth?.... "OMH"... I re-entered this one mid February... its an old favourite of mine.
I am loathe to recommend stocks because it too often signals downward pressure on the SP and tests friendships.
However I renewed contact with the MD and the Chairman after a 5 year break and have been assurred it wont take much to get this SP back over a dollar... but DYOR.
I was guided by the contents of our conversation.... I know the Company's fundamentals like the back of my hand.
OMH is a manganese play operated by Chinese interests and should emerge from the current scenario with the advent of more favourable market conditions (for Mn).... something their management is very confident will occur.
Cheers.
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