BK, you might be able to shed some light on this.. I'd be interested in your thoughts.
I have another gold stock caught in a holding pattern between 15 and 20c similar to ERM. There looks to be computer generated orders both buy and sell. ie odd qtys like 8333 and multiple orders at similar prices and qtys.
They don't seem to disappear when prices rise or fall to these points. (unlike some of the more well known tactics we see).
Whilst I'm not much of a conspiracy theorist (believe it or not) , I do believe there's statistical and algorithm traders that might find these types of set ups profitable , and place buy orders together with sell orders (perhaps similar to arbitrage in some respects) to play the swings.
Obviously there must be a point when the momentum either way overtakes them at some stage.
The other share I have in this situation entered this little phase a few months before ERM did.
Or am I dreaming, you reckon?
Also, I think the last post re results/reports was around the 10th , and referred to a result in two to three weeks..? So perhaps anytime between next and following week. This Monday might be a tad early ?, unless the ship gets a little leaky, which is not like ERM.
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.41M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.4¢ | $4.061K | 75.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 125 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 125 | 0.053 |
1 | 13900 | 0.052 |
2 | 120000 | 0.050 |
2 | 79375 | 0.048 |
1 | 23000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 50000 | 1 |
0.055 | 147851 | 1 |
0.057 | 34800 | 1 |
0.058 | 250000 | 1 |
0.060 | 16680 | 1 |
Last trade - 15.34pm 16/08/2024 (20 minute delay) ? |
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