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LRS General Discussion, page-7481

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sledge52

714 Posts.

283

02/09/22

15:33

Post #: 63488883
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Originally posted by dawgfather: ↑

Yep - looks like there has been one large seller (as @GARETH78) mentioned yesterday with one seller eating up anything on that 11 line with 11.25 mid point trades.

Given volume of sales, it can't be retail and IMO can only be one of the CR instos (assuming that most of the selling is one entity and not multiple sellers).

The 4m shares that dumped into 11 cents this morning was odd. It was one seller (4m shares) and then no more selling followed it. Gave the appearance of someone trying to spook the market or test volumes.

You could paint the picture someone is trying to sell it down to accumulate a lower average buy in - but if that's the case - there is now 1.9m shares available at 11 cents - and no one is buying into it....then that doesn't really make sense.... Or perhaps whoever it is wants to accumulate at 10.5 or 10 or down at the gap of 9.4 cents?

Or perhaps it's just legitimate selling and 1 of the CR instos is closing out their position given the current state of the market?

Finally - even after 7.5m of volume so far - the share price is still holding at 11 cents (just).

All of this is speculation and IMO DYOR

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Looks like that theory might be right.

LRS Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.5¢		Change 0.000(0.00%)		Mkt cap ! $349.9M

Open	High	Low	Value	Volume
13.0¢	13.5¢	12.5¢	$653.5K	5.113M

Buyers (Bids)

No.	Vol.	Price($)
39	675420	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	1714251	53

View Market Depth

No.	Vol.	Price($)
39	676819	0.125
34	1407334	0.120
19	1175184	0.115
22	1717661	0.110
9	1383803	0.105

Price($)	Vol.	No.
0.130	1720729	53
0.135	1076266	20
0.140	1708609	18
0.145	1000774	19
0.150	721191	15

Last trade - 15.46pm 09/08/2024 (20 minute delay)

LRS (ASX) Chart