"You blame instos for the sp collapse without evidence" - well, I have a little evidence: at midday on 16-Jul, over the course of less than 60 minutes, roughly 15 million shares were dump on the market in a series of line-wipes that drove the share price from over $2.50 to $2.00. There is no way that you can ascribe this to a retail holder. No retail holder has that kind of stake.
This triggered an avalanche of automated stop-losses and knee-jerk selling amongst retail holders, which is predictable, expected and probably intended by the original seller.
To call this a "dance" implies that retailers willingly and intentionally participated in the sell-off, which in turn seems just a bit disingenuous.
"You blame instos for the sp collapse without evidence" - well,...
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Last
$1.17 |
Change
0.060(5.43%) |
Mkt cap ! $1.015B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.17 | $1.13 | $15.86M | 13.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 151000 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |