This holding pattern is a function of accumulation tactics.
Those with heaps of shares can easily keep a lid on the price by stacking the sell side.
The holders who need to sell, for whatever legitimate reason, have no alternative but to sell at prices below "their" sell wall.
In that way "they" can pick up cheap shares at leisure, gradually building up their holding - without causing an otherwise, inevitable, price rise. Then it's just rinse/repeat, ad nauseam.
It works really well in quiet times when not much news is happening - and when a company is off the radar of others.
It's quite demoralising, but if you have faith in the company, just keep hanging on for the inevitable turn around - just when .... who knows.
Cheers !
This holding pattern is a function of accumulation tactics....
Add BCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $105.1M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $1.04K | 36.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 3096655 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 563211 | 2 |
View Market Depth
| Last trade - 11.18am 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
2.9¢ |
Change
0.000 ( 3.57 %) |
||||
| Open | High | Low | Volume | ||
| 2.9¢ | 2.9¢ | 2.9¢ | 40668 | ||
| Last updated 15.14pm 10/05/2024 ? | |||||
| BCN (ASX) Chart |