So say you have a few million bucks to spend, you get a good parcel to start but you cant turn all of that to shares because it's not for sale at a price you like... If you keep buying the price goes to the moon and you pay too much.
The longer holders need to wait for returns and the more boring and stagnant looking the price action is more holders will capitulate and sell and you can gobble them up.
There are also other prospective buyers watching on the sidelines trying to get a cheap price too. If it looks like there is lots of supply at $0.22 or something, buyers chill out a bit and don't get fomo and wait patiently in the buy queue for price to go lower as holders get bored or scared or see something shiney elsewhere.
Bonus, If the price doesn't move up and down a whole bunch traders with shorter timeframe sniffing around for a good trade will also probably go elsewhere.
So you chuck a big pile of shares up, if it sells you probably made some money, win. If it doesn't sell you can buy more
You can always pull the order if it starts to get hit or conditional buy if it gets wiped out.
Maybe you'd be like average price $0.18... sell wall at $0.22, that gets chomped buy all of $0.23 and $0.24 to replace it (if you recon you're at risk of being out of position) and reset. Still ahead.
anyway that's my thoughts on the whole idea
- Forums
- ASX - By Stock
- General Discussion
So say you have a few million bucks to spend, you get a good...
-
- There are more pages in this discussion • 80 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKM (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $104.0M |
Open | High | Low | Value | Volume |
21.0¢ | 21.3¢ | 20.5¢ | $26.37K | 125.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13099 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 146 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13099 | 0.200 |
1 | 10256 | 0.195 |
3 | 80500 | 0.190 |
5 | 106311 | 0.185 |
9 | 131629 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 146 | 1 |
0.215 | 302598 | 1 |
0.220 | 33147 | 1 |
0.225 | 249044 | 3 |
0.230 | 623438 | 4 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
|
|||||
Last
21.5¢ |
  |
Change
0.000 ( 2.38 %) |
|||
Open | High | Low | Volume | ||
21.0¢ | 21.5¢ | 21.0¢ | 6852 | ||
Last updated 14.38pm 13/05/2024 ? |
Featured News
AKM (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online