The use of 'walls' is interesting to control the price and exit. Gives more time for them to cover.
Seen it used before in PLS during our lithium winter.
One was put in place on Friday - 1,000,000 shares (small wall due to small volume going through) at $3.72 for most of the day so to cap/trap the buy/sell below. Quite effective if you have a spare million or two shares - which they will have. But the shear volume of cover required is going to be the problem for them - unless there is a massive release of shares from somewhere - major shareholder selling out maybe. Interesting times.
I know they are not getting mine ha ha ha
Pls shorted, page-757
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |