Okay, my moon ride is over and my feet are back on Earth...
This STILL doesn't look like a pump-and-dump to me.
I suspected early in this morning's trading that the big buyers (plural) of the past few days are satiated and have left the market.
Almost all the trading we've seen today was of buy and sell orders already queued, and most of those were relatively small parcels (compared with the line-wipes of the past few days).
On at least two occasions this morning, the reaction to one small trade looked very much like stop-losses being triggered. That's only small-time pump-and-dump, at best. It was significant that with the price significantly lower than at opening, nothing moved for one period of more than forty minutes. If the big buyers were still lurking, then would have been a logical time to top up. BUT THEY DIDN'T. So... few (if any) live traders in the market today.
My conclusion: most of today's action was from queued orders being triggered by stop losses.
The interesting question is where will it stop?
Pig.
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.15M |
Open | High | Low | Value | Volume |
4.3¢ | 4.4¢ | 4.3¢ | $4.031K | 93.38K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 224883 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 157975 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 224883 | 0.043 |
4 | 394473 | 0.042 |
2 | 174500 | 0.041 |
8 | 420525 | 0.040 |
1 | 12693 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 157975 | 2 |
0.045 | 29984 | 1 |
0.046 | 10000 | 1 |
0.047 | 28884 | 2 |
0.048 | 300000 | 2 |
Last trade - 15.33pm 16/08/2024 (20 minute delay) ? |
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SOR (ASX) Chart |