"This afternoon’s mini sell-off looks like a professional “tree shake” where someone wanting to accumulate tries to get a retailer panic going by dumping a bunch of shares into the market, waiting for the herd to follow, then coming in to scoop up the cheap shares. I guess we must now be on the radar of the traders."
Early days but appears to correct. Sellers so far holding strong (i.e. low volume) at 28c, but buyers are hoping for 26c bargain. Will be an interesting morning.
Ps. New to the term "Tree Shake". Guess it can be an expensive exercise.
General Comments / Chat, page-30
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Last
$1.79 |
Change
0.010(0.56%) |
Mkt cap ! $304.2M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.80 | $1.78 | $106.4K | 59.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 10000 | 2 |
View Market Depth
| Last trade - 15.57pm 30/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |