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nah they won't issue a speeding ticket for today. If it closed...

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WelshBuffett

1,959 Posts.

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26/03/24

18:45

Post #: 73069601
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Originally posted by Pseudoname1: ↑

Thanks for balance there ..

But... If objective was to pump for subsequent (not same day) sale, wouldn't you run the pump into the close? M&D investor comes home and sees it close at 9c plus? Looking at COS wouldn't have taken much to hold say 8-8.5 into close

Timing and burst of voracious purchasing and also volume that appearingly was used to move it strikes me more as impatient buying.

First to acknowledge Im speculating and frankly Im not the best to discern this but if that assumption is the case either someone is positioned for the quarterly or an announcement, or just has better things to do than sit on the bid.

No speeding ticket.. I wonder if the ASX looks at the origin of tbe buying and is able to see if its a loner or a broader play... no speeding ticket might also provide insight.

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nah they won't issue a speeding ticket for today. If it closed up or down 40-60% then maybe a speeding ticket. I don't think there is any hard and fast rule. It's a pretty pointless exercise, to be fair.

BIT Price at posting: 7.7¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 2.9¢		Change -0.001(3.33%)		Mkt cap ! $27.06M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.9¢	$170	5.867K

Buyers (Bids)

No.	Vol.	Price($)
2	701995	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	79328	3

View Market Depth

No.	Vol.	Price($)
2	701995	0.029
1	35714	0.028
3	284631	0.027
3	127736	0.026
4	540000	0.025

Price($)	Vol.	No.
0.030	79328	3
0.031	230868	4
0.032	563492	3
0.033	100000	1
0.034	100000	1

Last trade - 10.03am 12/08/2024 (20 minute delay)

BIT (ASX) Chart