Reminds me of the old "$(insert target) Party" trick.
In a volatile retail heavy stock with a good future but recent fundraising or other baggage, jawbone a low target. Sometimes it works - trade it down then profit from the rebound.
I've watched this play over and again on spec stocks - often you can see the sorts trades at the same time (not the case here though from what I can see). Never ceases to amaze me that the tactic does seem to create some gravity around the number. MSB was a classic. One particular downramper would chime in with ridiculous rubbish every now and again, with a corresponding spike in shorts. Price would go down and hit the target. They'd do a raise and the shorts get covered. Eventually there is a good news and the price recovers a bit - but lasting damage has been done and retail investor wealth burned.
I live in hope that one day ASIC will be funded to routinely compare trades against HC comments.
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Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $90.89M |
Open | High | Low | Value | Volume |
40.5¢ | 40.5¢ | 39.5¢ | $32.83K | 82.14K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 23083 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 136312 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 23083 | 0.395 |
3 | 13596 | 0.390 |
2 | 18853 | 0.385 |
6 | 34081 | 0.380 |
1 | 1500 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 136312 | 2 |
0.410 | 20000 | 1 |
0.415 | 9560 | 1 |
0.420 | 11631 | 3 |
0.425 | 25000 | 1 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
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