My guess is that they have equation worked out /buying/selling/shorting among themselves that when they decide to cover they actually don't lose at all and will make a killing on the drive through to all time highs...I recall a rogue broker had a "buy" and $8.00 target on it.
When they are ready they will start to cover and drive to all time highs for the next "retail bull trap" and the sell of will begin again.
Also long time until the next dividend a long time to play with retail emotions/time spans that generally don't past their noses.
I also note that retail owned is now below 50% at around 43%...if I recall correctly that's a circa 13% reduction in pls stock owned by retail owned....plenty of mums and dads that bought in at circa .40c or lower saying damn it I'll cash in. In 24 months it might be circa $10 once the down stream initiatives begin to play out. The BEOT know this.
In short the BEOT manipulation is having the desire effect if my statement above is correct.
Added a handful today @ $3.66...in the bottom draw they go
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Last
$2.58 |
Change
0.000(0.00%) |
Mkt cap ! $7.769B |
Open | High | Low | Value | Volume |
$2.61 | $2.65 | $2.49 | $78.76M | 30.75M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 15582 | $2.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.58 | 36624 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 15582 | 2.570 |
6 | 32059 | 2.560 |
12 | 69369 | 2.550 |
4 | 456271 | 2.540 |
3 | 196766 | 2.530 |
Price($) | Vol. | No. |
---|---|---|
2.580 | 36624 | 2 |
2.590 | 450471 | 11 |
2.600 | 216773 | 7 |
2.610 | 13588 | 2 |
2.620 | 18000 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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