Yes, very possible as most traders would have closed their positions, many could be going long now too and informed retail investers and non tracking funds might consider adding to their position.
Case in point look at PLS SP after AGM, and press releases on media the SP shot up 10% to $5.40 on $1.2b FY sales 577% increase over FY21. When everyone who had 15 minutes be it retail or insto knew in advance.
- PLS was $4.50 a month a go
- PLS announce BMX sales numbers
- PLS announces additional sales
- At this stage one is either informed or a noob
- PLS SP moved up to $5 a day prior on AGM result everyone already knew by adding up quarterly reports + announced extra sales
- PLS results goes out to broadsheets/media SP jumps to $5.50
- Informed traders or Investers react
- PLS close $4.98
- Noobs cry Manipulation
Ann: Offtake Update, page-196
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
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| CXO (ASX) Chart |