NOR 2.04% 4.8¢ norwood systems limited

Love to know how the non held experts think it could be a pump...

  1. 3,164 Posts.
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    Love to know how the non held experts think it could be a pump and dump when most of the buying is up around 2.3-5, if it drops back to 2c.
    Obviously someone wiping 2c or 2.1 could profit on that trade.. but most of the buying is higher.. selling it back down to 2c couldn't be profitable - unless it's just pros moving shares between themselves, and sucking in the odd trader..
    Hardly worthwhile when they hold so much of the company, and stand to make millions when news gets nor back to a proper re-rated MC of $20-$50m for starters.
    apsec also hold plenty of noroc.. and would want to see the nor SP beyond 10c.
    It will fly on long awaited telco news.. multiply quickly.
    Notice the sell side thinning out now - suddenly nothing from 2.6 to 3c (was previous stacked sells at every pip).

    It would appear the brakes being released for a proper run on news.
    Could be many Ann's close...
    Optus?
    Avicena $?
    Spark $?
    Metaswitch?
    Other telco?
    All of the above, and more? Imagine Nor going from nothing but years of only placement and 4C Ann's, to several Ann's a week!
    Wishful thinking.. would be nice though, seeing several rounds of good news!
 
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Last
4.8¢
Change
-0.001(2.04%)
Mkt cap ! $22.72M
Open High Low Value Volume
4.9¢ 4.9¢ 4.6¢ $65.50K 1.386M

Buyers (Bids)

No. Vol. Price($)
1 306 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.9¢ 220000 1
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
NOR (ASX) Chart
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