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
47.0¢ |
Change
-0.005(1.05%) |
Mkt cap ! $40.56M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.5¢ | 47.0¢ | $12.31K | 25.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6111 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 2500 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| MVP (ASX) Chart |