I get where you're coming from, especially with how the stock has moved and what we've seen with other popular stocks in the past.
But I’m not totally sold on the idea that this is a typical pump and dump. Sure, institutional investors might not be as emotionally tied to the stock as retail traders, but they still need to justify their choices and retain their reputation.
If they really thought the stock would drop to 80c, why would they buy in at $1.15? It doesn’t make sense unless they believe there’s medium-term value that makes the investment worth it.
I'm also keen for Friday.
Ann: Trading Halt, page-180
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Last
81.0¢ |
Change
0.010(1.25%) |
Mkt cap ! $706.4M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 82.5¢ | 78.0¢ | $7.281M | 9.055M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27773 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 4500 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| DRO (ASX) Chart |