LPD

0.00%

0.2¢ lepidico ltd

LPD Chart, page-24

First 24 Last

Share
Profile

Follow
Trees

43,780 Posts.

93

03/12/17

10:28

Post #: 29324864
Share

Originally posted by Naughtpatjoe ↑

Hi Surfarosa, and fellow charties, and fundamentalists:
I like most people with an interest in shares will refer to a chart to assess trend of shares, however as to charts predicting future direction it's fundamentals that are most significant. LPD fits this model I believe, the fundamentals are good, as many, including yourself, Welshie54, VMP etal demonstrate every day in this forum.

So to my point; I was amazed at the 'Big the Dump' that occurred in the last half hour to 40 mins of trade on Friday afternoon prior to close of trade. About 40mill shares were traded, most of those in the range of 0.071 to 0.074. Then in those last minutes of trade something happened.

A further volume hit the market, approximately 13 mill shares were added to the already trade 40 mill. the price came off 5 points (1/2cent) to 0.068. It's a while since I've seen this magnitude in such a short time spell, 6.85% drop.

It strikes me as being a tactic used by 'Short Seller(s)' placing a sell orders to trigger a series of 'Stop Losses' be they automated or manual in order to panic and weaken the price, which they achieved successfully. The initiators would have used a fraction of this 13 mill in this time period as buyers would not have had time to react prior to close. It will be interesting to see on Monday's open if buy back to cover their short position.

It may not have been a 'Short' it could have been a long position where a fraction of the portfolio was used to scare the market in order to get lower price to top up their holdings after triggering 'Stop Losses' say at 0.07.

Anyway Monday is going to be interesting. 0.065 to 0.068 seems to bring in buyers.

Expand

Off Topic

mm

LPD LEPIDICO

reported Gross
Short Sales (a)
ASX + CHI-X
122,500

Issued Capital
2,857,520,897

% Shorted
.00

source:
http://www.asx.com.au/data/shortsell.txt

Last edited by Trees: 03/12/17

LPD Price at posting: 6.8¢ Sentiment: None Disclosure: Unspecified
8 Upvote

0 Great analysis

Reply

Top Stories

RDN

Raiden gears up for exploration in final quarter of 2024

Reporting wrap: Inghams, Accent, Mayne Pharma

The Rising Tide: How institutional adoption is shaping the future of crypto

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

IPH

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

The business of sport: Warren Tredrea's take on this week's news

NRX

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

There are more pages in this discussion • 375 more messages in this thread...

First 24 Last

Add LPD (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $17.17M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$932	466.0K

Buyers (Bids)

No.	Vol.	Price($)
17	16677851	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	55847377	57

View Market Depth

No.	Vol.	Price($)
17	16677851	0.002
139	286794636	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	54147377	56
0.004	27579916	33
0.005	9080858	12
0.006	7501726	12
0.007	2259531	4

Last trade - 16.10pm 23/08/2024 (20 minute delay)

LPD (ASX) Chart

LPD Chart, page-24

Raiden gears up for exploration in final quarter of 2024

Reporting wrap: Inghams, Accent, Mayne Pharma

The Rising Tide: How institutional adoption is shaping the future of crypto

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

The business of sport: Warren Tredrea's take on this week's news

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

LPD Chart, page-24

Top Stories

Raiden gears up for exploration in final quarter of 2024

Reporting wrap: Inghams, Accent, Mayne Pharma

The Rising Tide: How institutional adoption is shaping the future of crypto

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

The business of sport: Warren Tredrea's take on this week's news

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News