I hope that everyone has noticed that 100k gets listed for sale each morning @ 6.05 and that other orders are also being loaded in @ 7.50+.
I suggest that all of this is being undertaken for the purpose of giving the appearance of there being a large number of shares to be sold, when in fact it is being done by a fund trying to obtain a position at a cheaper price than they would otherwise be able to do.
Much of yesterday's action was also done at centrepoint pricing so that the buyer was hidden
sell side artificially stacked
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Last
$1.01 |
Change
0.000(0.00%) |
Mkt cap ! $181.5M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.03 | $1.00 | $200.0K | 197.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3621 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.01 |
Change
0.000 ( 0.23 %) |
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| Open | High | Low | Volume | ||
| $1.02 | $1.03 | $1.00 | 51522 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| ASM (ASX) Chart |