SRI 5.88% 1.6¢ sipa resources limited

I think that order for 594,442 that keeps moving all over the...

  1. 5,281 Posts.
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    I think that order for 594,442 that keeps moving all over the place is there simply for the purpose of proping up the price.

    I've been guilty of that myself with other stocks.If i have a larger size sell order in place & are trying to create the sense of a false market on the bid side.

    If one was serious about buying the stock one would not keep dropping the offer in the way they have. From $0.105 to $0.097 & then to $0.09 in 2 days does not make sense.If you are prepared to spend upwards of $50,000 on 1 order then you have a firm belief you are going to make money.

    Everyone wants to buy as cheap as possible. But you will never achieve that by acting in such a manner

    Its either a propping exercise or a very inexperienced person.

    411,050 @ $0.11 was just filled in one line.
 
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Last
1.6¢
Change
-0.001(5.88%)
Mkt cap ! $3.650M
Open High Low Value Volume
1.6¢ 1.6¢ 1.6¢ $1.28K 80.00K

Buyers (Bids)

No. Vol. Price($)
1 196723 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 75063 2
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Last trade - 15.58pm 12/11/2024 (20 minute delay) ?
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