AT1 8.33% 2.2¢ atomo diagnostics limited

Potential SP Valuation of AT1 - 80 cents to 1.30/share, page-1359

  1. 5,470 Posts.
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    Since AT1 is my biggest holding, and I think a bit 'manipulated', I watch the daily trades closely. I want to share with you a simple method that is used to push the price down (or attempt to scare some holders into selling)

    When the trading is slow, whenever there is a gap of time between the 'last trade', then the next trade will be a small sell into the lower price. Today we can see 37.5 was 'the price', then there was a pause in trades for a while, and tiny hit into 37. Then another pause, like 20 mins, and we see a small sell into 36.5.

    This 'down' pattern I notice any time there is a slower trading day. Hence it supports the comments here 'low volume days push the price down'. So currently the holding looks rubbish in my portfolio @ 36.5 (down 2.5% on the day). When, in fact, the average of the day is nothing up or down.... 37.4 cents

    I have used this fact to sometimes buy 1/2 cent under the day's price at the close. If it is a slow day, you will find a 1 share or 2 share trade in the auction to hit the lower price. Now this is good news. It means somebody is working HARD to make the share price not rise. And their hard work really does work.

    Below you see a 40 min no trade gap allows small trade 1/2 cent under
    Then a 20 min no trade gap allows the hit at 36.5.

    https://hotcopper.com.au/data/attachments/2530/2530162-63bbd456d00125613153c52800f163a4.jpg
    And the con worked. Some retailer dumped their small holding at 36.5 at 11.46.

    https://hotcopper.com.au/data/attachments/2530/2530175-dbee10962feaf807e737e0ae72aae14e.jpg


 
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Last
2.2¢
Change
-0.002(8.33%)
Mkt cap ! $14.06M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $22.15K 973.2K

Buyers (Bids)

No. Vol. Price($)
5 548117 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 29552 1
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Last trade - 15.57pm 05/08/2024 (20 minute delay) ?
AT1 (ASX) Chart
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