Maybe you could know if you looked at the evidence instead of fantasising.
For starters the volume on the 9th was nothing abnormal, slightly less than the 7th, and about average for the week. “Massive volume” - NO.
”Breakout”. You have to look at the intraday to see that, hardly convincing imho.
If you look at the intraday “breakout” more closely you”ll see it was about 3 million shares, hardly convincing and all during amateur hour on opening - quite typical of a rush of blood to the head announcement driven blips that fade as quick. And of that measly volume less than 150,000 of it went about 20.5.
Someone “managing” the sp? I’d say evidence points to simple reversion the pattern of the week after that amateur hour rush of blood.
Furthermore as the intraday volume dropped off quickly after that rush of blood how did someone manage that? Did they do that by going around the country closing down buyers orders? It wasn’t like you saw someone ADD volume with a big dump was it?
Sorry if I now have you labelled as one of the “manipulation” cranks that abound on hot copper.
If anyone is managing the sp imo, then it is Collins Street helping to prop it up with a not insignificant proportion of the buying over recent months.
EL
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.0¢ | $339.2K | 2.057M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 269703 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 797428 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 528805 | 0.165 |
17 | 291741 | 0.160 |
15 | 426791 | 0.155 |
16 | 1796284 | 0.150 |
30 | 1168914 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 792815 | 19 |
0.175 | 630296 | 15 |
0.180 | 759261 | 11 |
0.185 | 889129 | 8 |
0.190 | 803888 | 3 |
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