QPM

3.13%

3.3¢ queensland pacific metals limited

QPM 12 months - Post DFS target, page-252

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PrivateRob

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30/04/21

09:56

Post #: 52835400
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Originally posted by Patterns: ↑

@PrivateRob
Something major needs to occur to make it rise toa previoushigh. Some catalyst. It can happen therefore, but youcan’tquote a share that it does happen too on the chart alone and say that applies to all charts.Otherwiseyou are just misleading yourself and others, all pushing a pump lie.
To get your head into the right space have a read of this paper by VictorZarnowitz.
https://www.jstor.org/stable/1926655?seq=1
Say for argument’s sake a large institution decided that basedon theircharting that they valued their supply level for QPM at $1.50 to $1.60
They note the company has shares outstanding 932.95M and a market cap of $160 million and they want to buy 10% of the company or 93M at around 13.5 to 15 cents. The fundamentals would be the same today as they were yesterday and lastweekbut the demand would change once the unfilled order was placed in the market. Why would an institution care whether it took a day, aweekor a decade to fill the unfilledorder?Brokers on the other hand would care because they only get paid for the parts of the unfilled order that becomes filled orders so they will tend to cap prices so the unfilled large order can get filled to some degree. But what happens once the last seller has sold last seller has sold andandthere are only buyers left in the market under 15 cents.
Say price then gets up to the 20centto 22 cent where sellers are queued up to sell based on this was where the sellers beat price down mercilessly last time price was at this level or based on a measured move, fundamentals or whatever. Price will then turn around and head down to test the 13.5 cent to 15 cent demand level which still has unfilled orders
See also https://www.ig.com/uk/trading-strategies/what-causes-share-prices-to-change--190128 and https://www.youtube.com/watch?v=25-JoGb9TVc

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Thanks, Patterns, you answered a question I didn’t ask.

you have just stated something completely obvious. Wordy, yes, but obvious.

please could you give your logic as to why my post and issue is wrong. Thanks, mate.

QPM Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.3¢		Change 0.001(3.13%)		Mkt cap ! $83.19M

Open	High	Low	Value	Volume
3.2¢	3.3¢	3.2¢	$19.52K	606.7K

Buyers (Bids)

No.	Vol.	Price($)
4	204990	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	51071	1

View Market Depth

No.	Vol.	Price($)
2	102000	0.032
11	1180078	0.031
7	1784266	0.030
6	1010125	0.029
1	400000	0.028

Price($)	Vol.	No.
0.033	51071	1
0.034	622447	3
0.035	515100	5
0.036	265198	4
0.037	741808	10

Last trade - 16.10pm 16/08/2024 (20 minute delay)

QPM (ASX) Chart

QPM 12 months - Post DFS target, page-252

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