DCC 7.14% 4.5¢ digitalx limited

announcement in an hour ?, page-54

  1. 6,296 Posts.
    lightbulb Created with Sketch. 39
    i see all the hearts have gone from the thread... not enough interest in the stock atm, wonder if any of them made any money?

    dccckjbnwekfjwekjgbnkernjgerg.JPG

    we can see there was a bit of volume on the 18th (announcment day?) and then from the 20th to the 25th, not surprisingly, heart's were ramping this on from the 18th and last heart post was on the 23rd..


    this research article should be of interest to those who trade/invest in small cap/spec stocks such as DCC:

    http://epublications.bond.edu.au/cgi/viewcontent.cgi?article=1178&context=ijbf

    "6. Conclusions and Directions for Future Work
    To the best of our knowledge, this work provides the first quantitative analysis of market manipulation of Internet stock message boards. Employing a unique body of moderated messages, we are able to identify messages that have been moderated as manipulative due to ramping and examined its relationship with market response. We find that manual moderation of internet stock message boards does not effectively protect users against manipulation. This is consistent with our expectation that rampers in forums are difficult to identify even for moderators. The possible reasons could be due to the fact that ramping can be a long progressive process, by which a ramper inconspicuously disseminates his ideas but attempts to hide the motivation to ramp. Our experiment also shows that ramping is positively and significantly related to market returns, volatility and volume. In addition, our results demonstrate that stocks with higher turnover, lower price level, lower market capitalization and higher volatility are more common targets of ramping...."
 
watchlist Created with Sketch. Add DCC (ASX) to my watchlist
(20min delay)
Last
4.5¢
Change
0.003(7.14%)
Mkt cap ! $38.98M
Open High Low Value Volume
4.3¢ 4.6¢ 4.3¢ $31.21K 696.5K

Buyers (Bids)

No. Vol. Price($)
3 204942 4.3¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 24911 1
View Market Depth
Last trade - 15.17pm 16/08/2024 (20 minute delay) ?
DCC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.