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2.50%

4.1¢ lucapa diamond company limited

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Malaga

6,082 Posts.

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26/02/16

16:04

Post #: 17127852
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Originally posted by ainsleym ↑

Not sure it is games time. Based on the line wiper this morning buying at least 200k shares at 40.5c in a single trade, after a period of time when there had been no trades for a reasonable length time at 39.5 or 40c . If this was a set-up why risk that kind of money to sell out for say 41c being the high for the day so far. Nope, I reckon that was a genuine large buy, can only speculate why such a volume at the sellers price rather than wait at 39c and get the order slowly filled. Don't forget that some days prior the 700carat stone, some similar "unusual" activity occurred and I posted to that effect, only to see a few days later the T/H and the announcement. I just don't believe you shell out $100k thereabouts on a stock like LOM unless you are supremely confident of something.

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Agree At the moment LOM is not worth pip trading. The spread is too tight and low volumes.
Why spend $40k to make $1000. If you want pip trades go something like SRTOA cheap high volume stocks risk $12k and make $2000. LOM has held remarkably well. Would not take much to get buyers to lift bids. Waiting game.

LOM Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.1¢		Change 0.001(2.50%)		Mkt cap ! $11.89M

Open	High	Low	Value	Volume
4.1¢	4.1¢	4.0¢	$728	18.07K

Buyers (Bids)

No.	Vol.	Price($)
1	1425	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	3000	1

View Market Depth

No.	Vol.	Price($)
1	1425	0.041
1	42672	0.040
1	77958	0.039
1	45446	0.038
1	100000	0.037

Price($)	Vol.	No.
0.042	3000	1
0.043	220000	1
0.045	20000	1
0.046	145000	1
0.048	50000	1

Last trade - 15.54pm 13/11/2024 (20 minute delay)

LOM (ASX) Chart