Been watching and invested in this one for quite a while now. Whenever there is buying, of any size the offer is instantly stacked. So for example someone buys into 1.1 then there is instantly a couple of million extra put on at 1.1.
Two possible reasons. One, is a seller that sees some buying and wants to hopefully take the chance of offloading their shares f it rips through 1.1. Two, is larger holders see a potential cap raise coming and are intent on keeping it as 1ish so they can participate and get free oppies if they are attached to any offer.
It's probably option one but i've watched for a long time now and if it were really a genuine seller then isn't the whole idea to sell higher, so rather than instantly stacking the offer, let it go and sell higher?
Been watching and invested in this one for quite a while now....
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Last
49.5¢ |
Change
0.015(3.13%) |
Mkt cap ! $47.25M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 48.0¢ | $21.14K | 43.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18344 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 1267 | 1 |
View Market Depth
| Last trade - 14.59pm 19/11/2024 (20 minute delay) ? |
| BRK (ASX) Chart |