Very true, I was surprised at this mornings gap up, but then turned like a cut snake.
By the way, I'm currently short on this stock, I hope it'll drop to $8 and possibly lower. But if it doesn't, I (and other cfd traders) will just flip our shorts and then flip it again if it turns.
Doesn't really matter which way it goes. Something I forgot to mention, is that the gap up (pre-market) can be faked to cause smaller fish to FOMO. Pushing it high on open, so the big boys can squeeze that little extra juice while selling/shorting. Remember, preopen auction buyers can pull their orders at anytime. (the same goes for the reverse)
Possibly explains what happened this morning, but with all things trading, can't be 100% certain.
Mind the Gap, page-74
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Last
$2.40 |
Change
0.120(5.26%) |
Mkt cap ! $3.114B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.43 | $2.25 | $56.09M | 23.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 231123 | 22 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |