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7.06%

91.0¢ shine justice ltd

Ah sorry I did not know that you were the market maker

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kewjonson

1,150 Posts.

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02/02/16

15:08

Post #: 16923133
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Originally posted by buffettmunger ↑

I think maybe you can read what I posted on SGH forum. I have a big holding in Shine switched from Slater, few million in shares. I can move this support pretty fast if I want to because I have the volume to either switch more of my portfolio to SHJ or move it out of SHJ. Looking at the support you are talking about, I can move it 10 cents or more either way with a click of a mouse. I am not boasting or anything, but rather I am just trying to make everyone see how foolish it is you are trying to assess the market with those support numbers.

Even if most of you don't believe I have the volume to do so, then you have to admit someone has this volume. If they decide now it's the time to buy or sell, then now it's the time market moves. Your analysis should be on the value of the company versus current price, because that will be like gravity pulling the big bids in the direction of adjusting it to fair value.

Maybe I am being too harsh. Most people just want to watch a good drama and speculate on the drama, and who am I to stop speculation.

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Ah sorry I did not know that you were the market maker

SHJ Price at posting: 57.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 91.0¢		Change 0.060(7.06%)		Mkt cap ! $157.6M

Open	High	Low	Value	Volume
85.0¢	91.0¢	85.0¢	$24.96K	29.17K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	85.0¢

Sellers (Offers)

Price($)	Vol.	No.
91.0¢	4680	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.850
1	10000	0.810
1	2849	0.800
1	948	0.740
1	715	0.700

Price($)	Vol.	No.
0.910	4680	1
0.950	2000	1
0.955	1045	1
1.000	25288	3
1.090	56000	1

Last trade - 16.10pm 06/11/2024 (20 minute delay)

SHJ (ASX) Chart