Many of you noticed the bot buying in LEG on the 31st pushing the share price up to a high of 9.9c, sone posters suggested it was a big investor/institution accumulating shares. I gave my opinion that if that were the case that the big investor would try keep the price down and not push it up. One of the reasons I gave for a bot trying to increase share price was that a big investor/institution wanted to dump their shares.
I hate to say it but I told you so; if you check today's announcement "ceasing to be a substantial holder" you will notice that 10,000,000 shares were dumped by the one investor taking advantage of those silly enough to buy it's shares at a higher price than they should.
I don't think it's fair that big investors are able to do this, though it does happen and if you read the signs you might be able to take advantage of this sort of price manipulation.
Goodluck to all holders
bot buying dec 31st
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $40.71M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $14.03K | 1.038M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3206836 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 1314850 | 8 |
View Market Depth
| Last trade - 15.59pm 14/06/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
0.001 ( 7.69 %) |
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.4¢ | 1.3¢ | 372857 | ||
| Last updated 14.00pm 14/06/2024 ? | |||||
| LEG (ASX) Chart |