Hi BH!,
Conspiracy theory only, and all conjecture on my part, however...
If a hedge fund or funds can "manipulate" a larger cap stock, there is no reason why a smaller entity can't manipulate a minnow... By my quick observations, the current action of a "seller" on CTO would have only required a million or two to achieve a thirty percent drop. With well placed buy and sell orders, that could equate to a few hundred thou in final profits once the strategy completes.. in the same manner that I beleive minnows could be manipulated to the upside when the time is right.
Would take a bit of a sharkish attitude, and astute timing, but I think it is pheasible and certainly not something I'd dismiss.
;)
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $12M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $7.254K | 1.813M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 838810 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5370352 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 713810 | 0.004 |
17 | 13737354 | 0.003 |
7 | 9895025 | 0.002 |
10 | 14202988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5370352 | 10 |
0.006 | 1946758 | 4 |
0.007 | 1263000 | 3 |
0.008 | 3843671 | 7 |
0.009 | 1370800 | 3 |
Last trade - 15.11pm 16/08/2024 (20 minute delay) ? |
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CTO (ASX) Chart |