ATP 4.76% 11.0¢ atlas pearls ltd

It is not hard to see how easily manipulated some instos play...

  1. 30 Posts.
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    It is not hard to see how easily manipulated some instos play around with this stock. Why do they do this? Because they can and they can do it so cheaply by taking advantage of all the paper hands by simply setting up sell walls at every price point. When the do this, retail panic sell into the bids, where they sit and collect the cheap stock and place it at the next level higher and just wait. Rinse and repeat.

    At 2x NTA and with a possible div after the tremendous free cashflow being generated by the company its the closest thing to an insto being able to have their cake and eating it free by the daily sellers falling into their low ball bids.

    The only thing upsetting their strategy is when someone wipes their offers and bought up 448.5k worth of stock taking it from 11c to 12c like what happened at around 10:30am this morning. However since then the instos immediately set up their sell walls to try to invite lower prices and others to join their sell walls. Its a game they do to every stock they can and this one for only a $45M mc with reasonable liquidity is ripe for their pickings.

    Question is... Do you want to be at the mercy of the insos shenanigans and sell cheaply or do you believe in the prospects of ATP being able to deliver on their turnaround strategy that has already put runs on the board?
 
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Last
11.0¢
Change
0.005(4.76%)
Mkt cap ! $47.69M
Open High Low Value Volume
11.0¢ 11.0¢ 10.5¢ $17.36K 158.8K

Buyers (Bids)

No. Vol. Price($)
2 265659 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 28257 2
View Market Depth
Last trade - 16.10pm 07/06/2024 (20 minute delay) ?
Last
11.5¢
  Change
0.005 ( 4.55 %)
Open High Low Volume
11.5¢ 11.5¢ 11.0¢ 45855
Last updated 15.16pm 07/06/2024 ?
ATP (ASX) Chart
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