Was it a dump? In illiquid stocks it is very hard to detect patterns especially when dealing with low volume. The reality is a persn with 200k in shares can move this 3-4 cents if done in urgency for whatever reason. Now if we see increasing volume and 5-10 percent of the registry being turned over i'd be worried. This is one of the negatives of a tight registry. However as the sentiment is also poor in the speculative end and instos do not buy into sppeccies unless for a trade or CR, there is only retail support at the moment. The 1st step is to get the results - then we will see how the market reacts. That will set the patterns for further moves - up or down. Results are pending however i expect an update on the drilling today or tomorrow going by the announcement. The point is if you wanted to but a substantial parcel - 300000 plus shares it will force the sp up. Encouraged by support kicking in yesterday at IPO level. We are just waiting in a period that is poor for spec stocks and May is traditional risk off period. Am I concerned that results could be poor - who knows as i deal with TA too but in stocks with low turnover and volume it is impossible to tell.
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Was it a dump? In illiquid stocks it is very hard to detect...
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15.0¢ |
Change
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Mkt cap ! $29.55M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.8¢ | $1.177K | 7.956K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 68660 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 20418 | 1 |
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No. | Vol. | Price($) |
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3 | 68660 | 0.145 |
6 | 115200 | 0.140 |
1 | 80000 | 0.130 |
1 | 80000 | 0.125 |
4 | 117772 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 20418 | 1 |
0.155 | 44429 | 1 |
0.160 | 31250 | 1 |
0.170 | 60600 | 1 |
0.175 | 4000 | 1 |
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