Enough people sufficiently believed the rumor to buy and raise the SP about 5% in an hour.
Then in the next hour, people who didn't believe the rumor sold about half a million shares, most likely for at least a 5% profit, forcing the SP price back near what it was per-rumor.
The rumor seems to have been without foundation.
Join the dots.
ASIC could easily find out whether the rumor monger was amongst the sellers. They should look, but won't.
I have no proof to support any allegation of inappropriate action - the post of the rumor may have been entirely well meant. But retail investors beware of both down and up ramping on this board - it is littered with it!!
Enough people sufficiently believed the rumor to buy and raise...
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Last
$1.13 |
Change
-0.025(2.17%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.11 | $7.363M | 6.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 94863 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 5000 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |