I don't believe that there was a standard "pump and dump" here. Especially by "insiders".
If DEV had found something significant, the SP would not have dropped to current levels. The SP rose on the back of low volume and high expectations. An enthusiastic cheer squad certainly contributed and I suspect that some were/are here for ST gain via multiple entries and exits.
As to be expected with any Soph CR, profit was taken immediately - this is not a reason to suspect insider manipulation.
Yes I wish I had sold a parcel at 37, yet I also have no wish to be sitting on the sidelines IF a big ANN drops.
Patience required here. DEV's project diversification gives me the confidence to continue to hold.
L.
Ann: Trading Halt, page-159
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $61.83M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 13.5¢ | $74.90K | 524.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1462 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 42000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DEV (ASX) Chart |