NOR 0.00% 3.9¢ norwood systems limited

Someone has responded.. there's a 1m buy order at 1.5.A couple...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,236 Posts.
    lightbulb Created with Sketch. 1430
    Someone has responded.. there's a 1m buy order at 1.5.

    A couple of the stacked sells have been pulled at 2 and 2.2.

    See, when you dribble on about being illiquid, it works both ways.. If someone wants to buy 1m, or several million, it's hard to do so without smashing the price up.
    That's why we see safely stacked sell orders from 1.8 onwards. Likely intending to help get the accumulation filled. Some have just been pulled.

    Then there are times when you see Silly ducks trading/punting on Nor news, with buy amounts of 1,471,590, that likely pushed the price as high as 2.7.. then majority backfiring, with a quick $10-15k loss, dumping from 1.7 to 1.4 in the following weeks.

    Old Billiard has done some of us a favour, with that huge trading loss, enabling me to grab another thousand worth at 1.5 again today.. all set for big telco news and a serious re-rate well beyond what would still be a very low MC of $10m.

    When it happens, I'll run the figures by you to calculate % increases from 1.5 today.

    All my opinion
    Last edited by Holla: 01/09/21
 
watchlist Created with Sketch. Add NOR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.