I also think it is a big buyer, who is keeping the SP
The method seems to be to make the technical indicators look negative eg. yesterdays large matched sells (4.9M) into a lower end of day share price. No shares really shifted from the buyers account, but the SP goes down 0.5c at the end of the day.
... to push the SP down, then buy up slowly as the number of shares on offer increases during the day at the lower SP, waiting for volume to pick up at the lower SP... it is is classic.
Just a theory.
Today is a buy for me.
general meeting tomorrow, page-39
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $154.5M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $14.54K | 771.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 5566161 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1815008 | 5 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PCL (ASX) Chart |