I believe this is just market makers providing liquidity and trying to profit from the spread. Have you ever been holding shares and the price stalls like it has with IOU and thought, "This isn't going anywhere, I'll just sell". Then the next day or so you check the share price of that company and it's all of a sudden gone up and then you kick yourself for selling? There's every chance you sold into market makers buying and selling to each other and thrown off the volume by adding your shares. That additional volume changes the way the algorithm works and can push the share price up if only temporarily.
I don't believe there's a lot of real buying and selling going on at the moment. Potentially a few small buy and sells by retail.
- Forums
- ASX - By Stock
- OVT
- $1 Club
$1 Club, page-26057
-
- There are more pages in this discussion • 6,265 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OVT (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.090M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $34 | 8.375K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 231625 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7455914 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 231625 | 0.004 |
41 | 23339379 | 0.003 |
10 | 14955000 | 0.002 |
9 | 24649999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7455914 | 16 |
0.006 | 3048638 | 8 |
0.007 | 1853165 | 6 |
0.008 | 1685714 | 4 |
0.009 | 1100000 | 2 |
Last trade - 10.06am 11/09/2024 (20 minute delay) ? |
Featured News
OVT (ASX) Chart |