IMU 3.45% 8.4¢ imugene limited

Fake sell orders

  1. 624 Posts.
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    I have been watching closely the buy/ sell depth orders over the past few weeks.

    Up until yesterday there were multiple sell orders stacked at 13.5 for 1million shares ( 4 separate orders yesterday) and 1order for 1 million at 12c

    Today the order at 12c has gone, there is now 1 order at 13.5c, there is 1 at 14.5c and two orders at 15c , for 1 million each.

    An obvious ploy from someone attempting to add weight to the
    sell depth to make it look heavy.

    If you seriously wanted to sell a large quantity at a level, (if you were a half savvy market pro) you would let the market come you, not advertise in advance. If you were genuine, you'd cut the order size into bite size parcels,so as not to attract attention and bring in the small fry trader's sell orders to "front run" your own order.
    By moving an order further away from current price and to the end if the queue it is clear you don't want to get touched.

    Blatant attempt to supress the price, dont fall for it.

    Could guarantee if everyone with a small sell order between 11 and 15 cancelled it, these large orders would evaporate instantly. And the shorter would be in a world of pain forced to buy on market. 100 million shorts bought back could easily see the price move from 15 to 20c if they get caught out and have no volume to snatch at current levels.

    Come on team, make them suffer.




 
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8.4¢
Change
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Mkt cap ! $614.8M
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8.5¢ 8.6¢ 8.2¢ $2.066M 24.59M

Buyers (Bids)

No. Vol. Price($)
4 155713 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.4¢ 140171 5
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Last trade - 16.10pm 01/05/2024 (20 minute delay) ?
Last
8.3¢
  Change
-0.003 ( 4.16 %)
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8.5¢ 8.6¢ 8.2¢ 6789460
Last updated 15.59pm 01/05/2024 ?
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