ADO 0.00% 2.1¢ anteotech ltd

ADO Charting and Technical Analysis, page-3572

  1. 1,631 Posts.
    lightbulb Created with Sketch. 217
    Hey mate,

    Very good thinking, but here is my counter.

    If I had options I wanted to exit:
    My previous post described why I would rather convert then sell as its a better approach financially.
    So now I have converted and I want to sell stock (not options). I want the price to be as high as possible of course so I can offload and roll around in my millions like Uncle Scrooge.

    How do you propose I get the price up as part of a "pump"? Only 2 options I can think about without pumping in media, forums, twitter etc.
    1. I buy more stock and hope that I attract enough traders to buy and help prop up the price. Issue with this is I would need to be putting more money into a stock I wish to exist, AND, I would be risking the traders I've attracted jumping ship before me or at the same time as me.
    2. I use my existing stock to create liquidity and sell. But this means I have to have enough people about there mopping up 16m shares at higher prices than recent prices. Why would they do that?

    I just don't understand the mechanics you allude to. I am not being "clever" in my questions, I am genuinely curious. Because if I knew the answer to how to move a stock price up and "pump" it (without talking it up publicly - with just my own trades) then my strategy might be very different for all stocks.
 
watchlist Created with Sketch. Add ADO (ASX) to my watchlist
(20min delay)
Last
2.1¢
Change
0.000(0.00%)
Mkt cap ! $51.83M
Open High Low Value Volume
2.1¢ 2.1¢ 2.1¢ $1.365K 65K

Buyers (Bids)

No. Vol. Price($)
2 84746 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 612809 6
View Market Depth
Last trade - 14.03pm 18/07/2024 (20 minute delay) ?
ADO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.