Australia's largest stock trading and investment forum Australia's #1 stock forum

WA1

Click for more information

0.53%

$16.84 wa1 resources ltd

well done ozblue, bought another 500 myself at 15.96. Absolutely...

First 8682 Last

Share
Profile

Follow
Novac

6,620 Posts.

1302

12/06/24

17:14

Post #: 74283185
Share

Originally posted by ozblue: ↑

It'a actually quite telling the action at $16 both today and yesterday. Apart from the first attack at $16 this morning, every other approach has only been a few shares. So if you were a big player trying to take profits, an iceberg at $16 would be perfect to unload into, but it hasn't happened..

Instead every time it goes down to $16, only a few hundred to a thousand shares change hands. It's like the big seller doesn't want to actually lose to many shares at that price. However once it's at $16.10-15 or thereabouts they seem happy to sell 5,000-10,000 shares to their own buy orders at $16.05-09.

It's just more evidence of games with a large player pushing the SP down until they hit a large real buyer. Then they do NOT sell any substance. None of us (including the bots) know if the iceberg is for 10,000 shares or 500,000 shares and only is broken through will we know. Pretty sure the bot doesn't want to test it with 50,000 shares as they have already lost a few this morning.

So I bought another 500 at $16.02

Expand

well done ozblue, bought another 500 myself at 15.96. Absolutely crazy valuation for what has been uncovered so far

WA1 Price at posting: $15.95 Sentiment: Hold Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

EBR

EBR reaches review milestone for wireless cardiac pacing device

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

There are more pages in this discussion • 3,574 more messages in this thread...

First 8682 Last

Add WA1 (ASX) to my watchlist

(20min delay)
Last $16.84		Change -0.090(0.53%)		Mkt cap ! $1.092B

Open	High	Low	Value	Volume
$16.90	$17.00	$16.55	$1.339M	79.91K

Buyers (Bids)

No.	Vol.	Price($)
1	765	$16.81

Sellers (Offers)

Price($)	Vol.	No.
$16.99	500	1

View Market Depth

No.	Vol.	Price($)
1	765	16.810
1	765	16.760
1	765	16.710
1	765	16.660
1	926	16.600

Price($)	Vol.	No.
16.990	500	1
17.000	751	3
17.090	765	2
17.140	765	1
17.190	1365	2

Last trade - 16.10pm 29/08/2024 (20 minute delay)

WA1 (ASX) Chart