DSE 1.14% $2.66 dropsuite limited

1.1c close

  1. 412 Posts.
    Someone was trying to close EXM lower (1.1c). 3:46pm - sell order for 13,500 shares ($148.50 worth). No more selling after that till 4pm. I said OK, I want to close it at 1.2c (my position average) and put buy order in at 1.2c 100k shares. There were couple of other small buy orders at 1.2c on top of mine. Before you know it sell order appeared just big enough to close it at 1.1c. There was no other reason for them to sell at 1.1c except for have 1.1c close price. There is 27mil sitting there at 1.1c for buy. Plenty of time to sell if that's what you really want to do during today or tomorrow. Why do it now, on close? I think someone is playng games with EXM. Closing it at 1.1c so it looks bad on the chart and maybe push some more sell orders in tomorrow from frustrated holders. I've seen that sort of behaviour many times, with different stocks (recent excample is fml), and it always preceded a big run in sp. They would try to keep it down as long as they can, so they can buy as much as they can at this price, and then when they can not hold it down any longer they open the gates, and it will run.
    Anyway, thanks for 100k at 1.1c. Should have put a bigger order in if I knew.
 
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Last
$2.66
Change
0.030(1.14%)
Mkt cap ! $185.8M
Open High Low Value Volume
$2.63 $2.73 $2.63 $35.41K 13.20K

Buyers (Bids)

No. Vol. Price($)
1 40 $2.56
 

Sellers (Offers)

Price($) Vol. No.
$2.66 2728 1
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
DSE (ASX) Chart
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