I said I could drive the sp up to 2.2c and that is true but why...

  1. 14,260 Posts.
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    I said I could drive the sp up to 2.2c and that is true but why if the shares get thrown at me for 1.6c and maybe less.

    Let's say I buy 5m shares now, maybe 400k left to get filled at 2.c. But below is still 1.6c or 1.5c. What happens next is the remaining 400k get filled at 2c and the next one dumps shares into 1.6c. That way no point at all to rise my bid, I rather let them dump their shares into 1.3c and lower. More shares for the same amount. That's how it's done. Like in soccer, having the ball go back to the penalty area and once the opponents and your strikers are in your half play the long pass forward, no off side, and with some luck - goal. The same strategy applies here. Always works, just be patient.

    GLTA
 
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Last
0.8¢
Change
0.000(0.00%)
Mkt cap ! $13.59M
Open High Low Value Volume
0.8¢ 0.8¢ 0.8¢ $16.8K 2.1M

Buyers (Bids)

No. Vol. Price($)
7 5879324 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 4595969 3
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Last trade - 09.59am 31/07/2025 (20 minute delay) ?
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