If you spent a couple of hours each day studying the offers and trades you would come up with a different conclusion. Not all transactions are genuine sale trades.
Look at the way 40-50 orders are instantly created and instantly removed. These are all computer generated with the purpose of creating confusion and enticing desperate sellers.
In my option only a small % of the 3-4million daily sales are genuine holders exiting.
Investor Briefing and Webinar, page-26
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $126.8M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $30.51K | 277.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 243414 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 40000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LIN (ASX) Chart |