PYC 5.26% 10.0¢ pyc therapeutics limited

Ralom, your post reminded me of an article I saw recently about...

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    Ralom, your post reminded me of an article I saw recently about the 9-10c range. Thought I'd post it here in case others find it interesting, seeing as PYC may now be operating in that range - though punching straight through seems likely - and preferable!

    GLA

    Why I Hate 10 Cent Stocks - Kerry Sun - Market Index

    The order book for any 10 cent stock usually looks something like this:

    • Buyersat 10 cents – 4,591,395 shares
    • Sellersat 10.5 cents – 7,401,301 shares

    With both sides so stacked– The stock does absolutely nothing for a very, very long time.

    One of the big problems with 10 cent stocksis that they move in 0.5 cent ticks (so every tick is worth ~5%). But when the stock trades sub 10 cents, they move in 0.1 cent ticks (so every tick is worth just ~1%)

    Why does this matter?Picture this scenario:

    • Place a bid at 10 cents and wait to be filled
    • The bid gets filled and you place a sell order at 11 cents (or 10% profit)
    • Set a stop loss at .98 cents (or 2% loss)
    You've just set the parameters for a 10% profit and 2% loss (excluding broker fees).

    Even if this strategy works once and you get stopped out four other times – You're still profitable!

    For that reason, you’ll often see stocks like Aurelia Metals ping pong like no tomorrow.
    mail?url=https%3A%2F%2Fmcusercontent.com%2F178a9f99c942c15cd57e649b8%2Fimages%2F8b537676-ebb6-338c-240b-e6ec48b42986.png&t=1712731404&ymreqid=1805eff0-c9c6-85dd-1c8f-800022016f00&sig=PKIq_faLy4eIi6ww1syDcQ--~D


 
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Last
10.0¢
Change
0.005(5.26%)
Mkt cap ! $466.6M
Open High Low Value Volume
10.0¢ 10.0¢ 9.7¢ $126.7K 1.277M

Buyers (Bids)

No. Vol. Price($)
2 10306 9.8¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 91480 2
View Market Depth
Last trade - 16.10pm 14/05/2024 (20 minute delay) ?
Last
9.9¢
  Change
0.005 ( 4.21 %)
Open High Low Volume
10.0¢ 10.0¢ 9.7¢ 96942
Last updated 15.25pm 14/05/2024 ?
PYC (ASX) Chart
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