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$1.65 kingsgate consolidated limited.

ASX is on notice about manipulation of Kingsgate share price, page-452

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Wary1

2,465 Posts.

1653

25/01/24

11:03

Post #: 72060596
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Originally posted by Wary 1: ↑

Apart from the biggish buy this morning, the bot has suppressed the price all day. Then another buy by one of the special ones in the aftermarket that we retail traders have no access too.

Oh - it looks like volume was well up today compared to every other trading day this year (2024). But it's all an illusion. As you can see from the volume chart for today (see above), it was all one-hand-to-the-other trading. Most of today's volume was manipulation directed at keeping the price suppressed. But as we can see by the after-market purchase, whoever is behind the bot is actually keen to buy.

I believe 2024 will be the year that this nonsense trading in Kingsgate will come to an end.

Expand

I reckon we are in for another day of price suppression by the bot(s). Same pattern so far as yesterday - a biggish buy in the first hour, and then the bot kicks in to keep steadily reduce the price for the rest of the day, before another biggish buyback in the aftermarket. It might end up being another big volume day - but like yesterday, the volume will be nothing more than one hand selling to the other. As per usual, the price is artificial.

Last edited by Wary1: 25/01/24

KCN Price at posting: $1.28 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.65		Change 0.070(4.43%)		Mkt cap ! $407.2M

Open	High	Low	Value	Volume
$1.63	$1.68	$1.63	$361.9K	218.2K

Buyers (Bids)

No.	Vol.	Price($)
2	94	$1.65

Sellers (Offers)

Price($)	Vol.	No.
$1.67	5288	3

View Market Depth

No.	Vol.	Price($)
3	2674	1.655
1	2015	1.650
2	4350	1.645
1	5000	1.640
2	10000	1.630

Price($)	Vol.	No.
1.660	5000	1
1.665	651	1
1.675	17748	2
1.680	26017	4
1.685	8610	1

Last trade - 10.21am 12/07/2024 (20 minute delay)

KCN (ASX) Chart