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3.6¢ norwood systems limited

Ann: $200,000 Convertible Note, page-63

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DoubleDown!

4,421 Posts.

1884

17/05/21

20:27

Post #: 53232716
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Originally posted by Rokc69: ↑

"After many months of Norwood’s top holders continuing to accumulate millions upon millions of shares and you knowing this fact , why is there no evidence to support your misleading statement in regards to smart money clearing out ."

This directly contradicts what Holla said today -

"The 1.1m part of the last placement sold down shares from 2.2 (with profit) in time for the next placement... which they have not got! Top holder lists regularly proved the holding being slowly sold down since the last placement.
Buy them back on market! Sucked in."

I was interested to read this, so many time we heard "Accumulation, smart money!" but then Holla went on to say those in the know with T20's knew the last placement was being sold down.

Interesting..

Expand

I thought this same thing today. The smart money actually avoids Norwood completely. But that being said the smart money tries to unload on the pumps.

Analysing Top20 lists is a futile pastime. Any analysis is always a zero sum game. Someone sells, someone buys. Every company, failed and ASX20 has a T20 list. Someone accumulating means someone selling. It's hardly surprising the ramp crew can't prevent another own goal in admitting this, it's just a simple fact.

NOR Price at posting: 1.8¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $17.10M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.6¢	$4.588K	127.4K

Buyers (Bids)

No.	Vol.	Price($)
2	220151	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	30000	1

View Market Depth

No.	Vol.	Price($)
2	220151	0.036
1	100000	0.035
1	76000	0.034
1	10000	0.033
4	627074	0.032

Price($)	Vol.	No.
0.037	30000	1
0.039	209000	1
0.040	100000	1
0.041	123849	1
0.043	1630000	2

Last trade - 15.04pm 21/08/2024 (20 minute delay)

NOR (ASX) Chart