I'm not saying the whole lot in one go; It rarely happens that way.
Lets use yesterday as an example:
Yesterday almost 600,000 shares traded at a vwap of $1.41
600,000 X $1.25 (CR Price) = $750,000
600,000 X $1.41 = $846,000
Almost $100k profit (around 12%) in under 2 weeks
Now imagine if they sell into any buying pressure (has happened before) over the next month
E.g. Sell 1,000,000 shares per week
4M Shares at $1.25 = $5,000,000
4M shares at $1.41= $5,640,000
Do you really think they wouldn't snap up an easy $640k ?
Who was selling during the down-trend?
I'm not saying the whole lot in one go; It rarely happens that...
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 (20min delay)
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Last
$1.45 |
Change
-0.195(11.9%) |
Mkt cap ! $92.44M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.70 | $1.43 | $3.755M | 2.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8938 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 1250 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$1.47 |
Change
-0.195 ( 10.9 %) |
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| Open | High | Low | Volume | ||
| $1.74 | $1.76 | $1.46 | 256291 | ||
| Last updated 15.56pm 04/06/2024 ? | |||||
| VMM (ASX) Chart |