I’ve done something similar before but the intention was the other way around. I’d place millions of buy order at low price when I was actually going to sell or I simply don’t want the SP to drop. This was to make some people to think that there’re a lot of buyers in the register & encourage them to buy.But you must have adequate fund to do it in the first place. The person who placed 10m at 1c probably didn’t have fund to make it a bit more realistic but not realistic enough to be mopped, say buy order at 1.8c.
On the other hand, if the SP is sitting at 2.2c & I want top top up but at 2.1c or less, I’d place a sell order at 2.4c or 2.5c to hopefully scare others into selling. But you must have the amount of shares required.
It’s just psychological game. I’ll place a 10m sell order at 2.5c for a few hours & see for yourself how you feel. Don’t think it works though.. but the fact that you’re asking the question in the first place shows it works?
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Last
7.7¢ |
Change
-0.005(6.10%) |
Mkt cap ! $563.6M |
Open | High | Low | Value | Volume |
8.2¢ | 8.3¢ | 7.6¢ | $1.931M | 24.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 1392733 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.7¢ | 140950 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1063786 | 0.076 |
27 | 1362684 | 0.075 |
9 | 804913 | 0.074 |
9 | 392900 | 0.073 |
8 | 787610 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.077 | 140950 | 2 |
0.078 | 427758 | 6 |
0.079 | 4733852 | 7 |
0.081 | 256000 | 3 |
0.082 | 309951 | 4 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
7.7¢ |
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Change
-0.005 ( 6.71 %) |
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Open | High | Low | Volume | ||
8.2¢ | 8.3¢ | 7.6¢ | 9515046 | ||
Last updated 15.59pm 06/05/2024 ? |
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