Yeah.. manipulation, said earlier before that anything under $6 would have been a good buy.
Instos definitely shook the weak hands below $6, and now moving up. It is very easy to drop some money to move the price up and down. But given that nearly 500K shares were bought around $6, no doubt that represent a 5% profit already to whoever bought them up at $6 and while spending only a little bit of money to move the price upwards.
Of course, if it goes back to $7, a $1 profit on 500K shares is $500K profit minimum, while buying up at $6.10, $6.20, etc gives even more profit.
Yeah.. manipulation, said earlier before that anything under $6...
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Last
40.5¢ |
Change
-0.005(1.22%) |
Mkt cap ! $34.95M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.5¢ | 39.5¢ | $65.65K | 164.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1113 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 3632 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MVP (ASX) Chart |