Even if what you are saying is true, and it may very well be true, there will come a point when the tactic will become unsustainable in that they will not find not enough "weak hands" to sell them enough shares to make it worthwhile. I believe we reached that point the other day when the share price reached 24 cents. The volume since then has been kind of low and not worthy of a large institution.
To be fare I entered the stock in the low 40s (thinking that was a reasonable entry point) and have been trading my arse off all the way down buying and selling and have managed to get my average down to about 27 cents (glad I did). Once this sell down is over I'll be happy to let it run as I'm sure the same people that pushed it down will push it all the way back up...
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Even if what you are saying is true, and it may very well be...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $13.27M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $71.78K | 7.981M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 850797 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 13427226 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 850797 | 0.009 |
8 | 3059329 | 0.008 |
12 | 4998460 | 0.007 |
4 | 1685609 | 0.006 |
1 | 500000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 13427226 | 14 |
0.011 | 16881150 | 10 |
0.012 | 14538361 | 7 |
0.013 | 10099423 | 3 |
0.014 | 71428 | 1 |
Last trade - 15.10pm 26/07/2024 (20 minute delay) ? |
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EXT (ASX) Chart |