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shwibble

413 Posts.

34

24/03/22

10:11

Post #: 60389241
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Originally posted by steve10: ↑

If you were selling 10M shares you would break it up into smaller parcels or do it off screen selling into the bid slowly to maximise your sale price.

Loading 10M on sell side alters the number of buy:sell shares & spooks the market. An order went through on Tuesday morning for 1M shares pushing price to 3.5c at open. I thought it was fake a fake buy order that would get pulled as it was there early in the morning but it was real.

Yesterday they placed the wall at 3.6c as they are vacuuming up all sub 3.5c shares. They have at least 10M to play with hence the games yesterday.

Current DW8 MC is $89.9M & the MC at 3.8c SP is $100M. Some insto's cannot buy small caps under $100M MC. Maybe it's a smaller insto that can buy sub $100M MC companies & is keeping MC under $100M to load up prior to the bigger insto's buying. If this is the case SP should move fast once it gets to 3.8c.

A brokers report would be handy to see who is buying.

Buy side has 2 x 1M orders at 3.3c & another 1M at 3.2c. Are these anybody's here?

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where can you see the breakdown of buy volume at each price point Steve? On Commsec app all I can see is the number of buyers and total volume

DW8 Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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