Yes, that is called a placing pump, huge amounts of pumping allowing placees a wonderful profitable margin to dump it all into! The big boys make the $$$ and the pi's ramped in in the .3's have either sold at eye watering losses or feel they need to hold through a 2/3 chance of failure to recoup their money.
As I said, it stinks, market showing 0 confidence an dumpers continuing to fill up the ask to remove their free money.
Ultimately it will come down to if it hits, 1 in 3 chance......red or black offers better odds haha, although not the upside admittedly.
Worst run into a drill in history.
Yes, that is called a placing pump, huge amounts of pumping...
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Last
2.7¢ |
Change
-0.005(15.6%) |
Mkt cap ! $15.69M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.3¢ | 2.7¢ | $65.45K | 2.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 663367 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 333500 | 2 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| CND (ASX) Chart |