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11.0¢ red metal limited

I wish I had the money to get in the sell just before them and...

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Thalamus

607 Posts.

165

27/02/24

12:39

Post #: 72618483
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Originally posted by PhillW: ↑

Classic pump & dump. If you watch the market depth closely, there are prop bids at the various levels that disappear. I suspect the prop bid instigators are attempting to get fomo traders to buy at higher levels and when the momentum stalls, they are selling into the bids and removing their prop bids at the same time.

This morning and I suspect yesterday were classics. Prop bid all the buy levels pushing the share price to 20c resistance and when the rally lacks momentum to break 20c resistance sell down at each lower bid level whilst removing the prop bids. A simple way to ascertain that these shenanigans are going on is to add the current volume to the next lower bid market depth and see if the volume adds up once the the bid level has been wiped. Hasn't added up all morning!

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I wish I had the money to get in the sell just before them and the buy just before them again. NO profits for them.

RDM Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $32.96M

Open	High	Low	Value	Volume
11.0¢	11.0¢	11.0¢	$8	71

Buyers (Bids)

No.	Vol.	Price($)
10	324623	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	489107	6

View Market Depth

No.	Vol.	Price($)
10	324614	0.105
11	608514	0.100
1	100000	0.099
1	10000	0.098
1	100000	0.097

Price($)	Vol.	No.
0.110	459055	5
0.115	255905	3
0.120	235000	2
0.125	41666	1
0.130	101284	2

Last trade - 10.06am 07/10/2024 (20 minute delay)

RDM (ASX) Chart