MAY 4.17% 2.3¢ melbana energy limited

I don't believe so. IMO this stock is a heavily manipulated one...

  1. 340 Posts.
    lightbulb Created with Sketch. 171
    I don't believe so. IMO this stock is a heavily manipulated one (most of them are) the substantial sell walls that materialise and disappear just as quickly when the price gets close to them forcing the price down is almost comical. I have been accumulating even throughout this "crash" with an average of 6.9c as I am investing for the potential of the resource size which does not change because of a delay.

    I would even be ok with another delay as this gives me more time to accumulate however a rig being mobilised would be preferred as who doesn't enjoy seeing their stock picks go up and feeling like a genius. I am down 12.92% at the time of this comment but i am not bothered. If we can hit 10.5c repeatedly without news of a rig being mobilised I am going to assume we will hit that again when positive news comes out and if we don't then ill accept my loss if it comes to it.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.3¢
Change
-0.001(4.17%)
Mkt cap ! $77.51M
Open High Low Value Volume
2.3¢ 2.4¢ 2.3¢ $916 39.54K

Buyers (Bids)

No. Vol. Price($)
10 1186992 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 685371 5
View Market Depth
Last trade - 10.43am 24/07/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.