I would have to agree Cull.
However i noticed there was buying in earnest late September ( Sept 27 - Oct 01 ) A good chance that J.Pitt was again behind the heavy volume
A few days later there was a buy order for over a million shares @ $0.24 that sat on market for 2 days unfilled. Then it was pulled. Now we have substantial buying volume again with over 1.1M traded as i write. But mostly being done @ $0.225.
I wouldn't be the slightest bit surprised if a lot of today's selling is being carried out by the entity who was purchasing late Sept & who was also likely behind the unfilled bid @ $0.24. They couldn't get stock @ $0.24 so are now taking advantage of the lack lustre market in Peel & selling to related entities to drive the price down, create some sense of panic amongst the retail crowd hoping to pick up stock as cheaply as possible.
I don't want to sound like a lot of the conspiracy theorists that hang out on H.C. But there seems to be a regular pattern to this.
Keep an eye out over the next few weeks or so to see if we get another " change in substantial holding " declaration from J.Pitt & associates.
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Last
13.5¢ |
Change
0.010(8.00%) |
Mkt cap ! $78.44M |
Open | High | Low | Value | Volume |
12.5¢ | 13.5¢ | 12.5¢ | $4.289K | 33.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 55000 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 49999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.120 |
3 | 90000 | 0.115 |
1 | 100000 | 0.105 |
1 | 2000 | 0.100 |
1 | 30000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 49999 | 2 |
0.140 | 124999 | 2 |
0.145 | 157483 | 2 |
0.150 | 74723 | 3 |
0.155 | 30263 | 2 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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PEX (ASX) Chart |