NOR 0.00% 3.5¢ norwood systems limited

Every time this share pips down you pretend like the people...

  1. 4,457 Posts.
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    Every time this share pips down you pretend like the people buying the stock are making money. They aren't. They aren't able to buy at .004 on one exchange and sell at 0.005 on the other in any meaningful way.
    They may get a few through in the manner you preach but by and large they are holding large numbers of stock and watching their stock value crash.
    Example. At 1:30 today someone picked up 6m at an average of 0.0041 on CHIX. Let's just presume they were able to list them ahead of all the other sells on ASX at 0.005 and then at 2:30 2.5 million were traded at 0.005 on ASX. Then you have to assume they listed the balance and managed to sell out by getting to the top of the queue so they aren't left with any by days end. All this to make $2250.
    So many ifs, buts and assumptions and getting to the top of queue and the reward is minimal.
    If NOR wasnt sinking like a stone the technique has potential. But with the tracking south you run huge risks of being left with stock as it falls in price.

    While you're out complaining that the firefighters are being paid too much, Norwood is burning to the ground.
 
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Last
3.5¢
Change
0.000(0.00%)
Mkt cap ! $16.65M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 4186 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.1¢ 123849 1
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Last trade - 16.12pm 27/09/2024 (20 minute delay) ?
NOR (ASX) Chart
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