what the purpose of churning a sp?
what can shorts / instos achieve by doing this?
Churning is usually done to give false impression to outsiders that there is higher demand than actual.
But why?
Is it so retailers are enticed back into the market at higher price ie. 44c , then shorts can dump their stock.
This just looks dodgy n suspicious..... what the aim of churning for the past week now.
Or do shorts / instos want more buyers at 40c to build a solid support level for the sp before they pump it to their target price ie. 80c maybe and sell out.
what is their game plan?
Or, are they planning to push it down to 35c or even 30c?
Banter and general comments, page-31374
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9.8¢ |
Change
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Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
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