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2.70%

19.0¢ summit minerals limited

Good point. Makes sense. Commsec offers T2, most would have...

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12/06/24

16:04

Post #: 74281677
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Originally posted by $$$$$$$$: ↑

All the T2's who are used the banks money and can't actually afford it,
Will have to sell Today.

It is often T2's and Day Traders that wreck the first couple of days of a Run,
As they T2 with money they really do not have and cannot afford to cover,
Basically trying to gamble with money that isn't even theirs.

So many would have jumped in Yesterday,
And need to sell Today whatever the price.
Some would have jumped in at 37cents and higher,
And will need to take a loss.

They actually need to jump ahead of one another to sell,
Essentially they are the ones ripping eachother off
As they are so desperate to sell
and 100% do not have the funds to cover.

That is really their own problem but is often clearly seen,
The day after a run,
Or an excellent Announcement,
As they NEED to sell they have no choice and the banks and brokers know that.

It's a T2 trap.

Once they are gone the real run begins.

With the Real Shareholders
looking at the Real Value
and Long Term Gains....

Expand

Good point. Makes sense. Commsec offers T2, most would have bought in 0.340->0.4 and would have taken a loss today. The rest of the week will probably have the run like you said, as the paper handed T2'ers have sold

SUM Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

2 Great analysis

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(20min delay)
Last 19.0¢		Change 0.005(2.70%)		Mkt cap ! $16.11M

Open	High	Low	Value	Volume
19.0¢	19.0¢	18.5¢	$77.37K	408.6K

Buyers (Bids)

No.	Vol.	Price($)
1	7624	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	20000	1

View Market Depth

No.	Vol.	Price($)
1	7624	0.190
5	226835	0.185
10	1028298	0.180
4	591429	0.175
8	549115	0.170

Price($)	Vol.	No.
0.195	20000	1
0.200	10000	1
0.205	20000	1
0.210	28237	3
0.220	89119	4

Last trade - 15.31pm 15/10/2024 (20 minute delay)

SUM (ASX) Chart

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