They are definitely not Mum n Dad investors. They're professionals who pay a set amount each year to make a set amount of buy/sell transactions. This also allows them to purchase less than $500 in one go. And one of their aims is to manipulate the share price and buy/sell depth so chartists (and folk like you and me) potentially get confused and buy/sell.
Which is why if you're invested in the longer term (i.e., 3 months +) you should only take not of the share price if there's substantial volume. If PRR falls but only $15,000 has been traded that day, just ignore it. But if millions of dollars has changed hands then start to take notice. At least that's how I do.
Which reminds me of some advice I received a while back: a slowly dropping share price on very low volume can mean good things. Of course, 'can' should be emphasized.
Anybody else have a take on that little bit of advice?
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Last
35.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $515.6M |
Open | High | Low | Value | Volume |
35.0¢ | 36.0¢ | 34.5¢ | $670.1K | 1.893M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 44785 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 22453 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 44785 | 0.350 |
4 | 38370 | 0.345 |
4 | 50195 | 0.340 |
2 | 38254 | 0.335 |
2 | 80000 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 2653 | 1 |
0.360 | 139050 | 5 |
0.365 | 107554 | 5 |
0.370 | 140060 | 4 |
0.375 | 127910 | 5 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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IMM (ASX) Chart |