STK 4.76% 11.0¢ strickland metals limited

Anyone noticing the large capper on this at 5.5cents today? I'm...

  1. 3,901 Posts.
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    Anyone noticing the large capper on this at 5.5cents today? I'm definitely no expert and for all I know this could be a genuine seller. However just occasionally watching the order flow over the years I feel pretty positive about the fact this capper/seller is there especially when you consider the gap in play.

    I think a strict trader waits for either the gap to close or watches the volume closely and perhaps jumps in on a volume and price move higher. Therefore limited buying.

    It just makes for a great time to be a small time cat and lap as much milk out of the saucer as is on offer due to the dynamic. It might not explode higher due to the high cash to market cap ratio but how good is the risk- to reward on this. Downside risk 25%. Upside potential could be north of 100%.

    My experience trading these types of setups is that is usually pretty good. If you can keep a few like this in the portfolio you 1. tend to make money, and 2. don't go broke trying.

    In short I'm still lovin this scenario.

    Yeeussss
 
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Last
11.0¢
Change
0.005(4.76%)
Mkt cap ! $196.8M
Open High Low Value Volume
11.0¢ 11.3¢ 10.5¢ $685.7K 6.199M

Buyers (Bids)

No. Vol. Price($)
4 408572 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 565605 9
View Market Depth
Last trade - 16.10pm 30/05/2024 (20 minute delay) ?
Last
11.3¢
  Change
0.005 ( 7.14 %)
Open High Low Volume
11.0¢ 11.5¢ 11.0¢ 1822440
Last updated 15.57pm 30/05/2024 ?
STK (ASX) Chart
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