ADY 8.33% 1.1¢ admiralty resources nl.

course of trade analysis

  1. 988 Posts.
    8 Million shares swapped hands today, 3.9 million (50%) by way of dump. There are a number of theories re: Margin calls, Top 20 seller etc.

    I think if we work together we might be able to at least identify their broker (not identity), and dispell some of the conspiracies. I am able to identify E-Trade transactions. Perhaps other posters could identify non etrade clients through their respective broking software, as there is more than one.

    I have identified 5 major sell (dump) transactions today which accounted for half of the total trades;

    10:37:31 1,139,548 Not Etrade
    10:39:24 850,000 Not Etrade

    11:24:04 775,000 Etrade
    11:43:05 400,000 Etrade
    11:51:13 735,000 Etrade

    It's not huge volume, however the on screen theatrics have caused some alarm and speculation. IMO - they are traders after negative overnight markets, negative intraday futures.

    As for Margin calls, it is possible, but unlikely IMO, as the index was this low and further only a week or two ago (5200), the majority of margin calls would have been made back then. There has not been enough volume on the way up to 6000 to attribute ADY buying (if any), to margin lending. My thoughts only, please DYOR.



 
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Last
1.1¢
Change
-0.001(8.33%)
Mkt cap ! $17.92M
Open High Low Value Volume
1.1¢ 1.1¢ 1.1¢ $11.94K 1.086M

Buyers (Bids)

No. Vol. Price($)
1 1000000 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 400000 2
View Market Depth
Last trade - 13.26pm 19/07/2024 (20 minute delay) ?
ADY (ASX) Chart
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