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
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $132.5M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $80.72K | 702.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 605331 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 39394 | 2 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| LIN (ASX) Chart |