NOR 8.57% 3.2¢ norwood systems limited

In a highly illiquid stock, it's easy to move the SP around....

  1. 7,323 Posts.
    lightbulb Created with Sketch. 2283
    In a highly illiquid stock, it's easy to move the SP around. Someone outlaid $4700 to jump the spread to push it up by 2 pips.

    If we get a 3Y in a a couple days corresponding to today's propping, it will be bullish for the CR being pushed out a couple of weeks but bearish for a deal being announced by 30 June.

    Will the lack of deal by 30 June followed by a CR be Apsec's 'come to Jesus moment'? Their April Performance Report says it is time to execute. But being long-term bagholders, deeply in the red, maybe they were sated by the flaky announcement last week. Let's face it, anyone holding this dog for 8+ years whilst compounding losses is easily sold a story; there's been so many since the days of PO proclaiming WP as the "WhatsApp killer"

    It will only take 1 largish holder to stop believing to send the SP down into the 0.01s

    All imo
 
watchlist Created with Sketch. Add NOR (ASX) to my watchlist
(20min delay)
Last
3.2¢
Change
-0.003(8.57%)
Mkt cap ! $15.20M
Open High Low Value Volume
3.5¢ 3.5¢ 3.2¢ $2.574K 77.84K

Buyers (Bids)

No. Vol. Price($)
2 261384 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 11000 1
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
NOR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.