Does anyone have any thoughts about what is going on in the market at present?
And more importantly, why?
I STILL don't think it's a pump and dump in any normal sense.
There haven't been many big sells today, and the big accumulators of the previous few days are now looking at a market price lower than the great majority of their purchases. So, either they didn't anticipate what's happened in the short term (very unlikely) OR they had taken a longer term view of SOR's value (or at least potential value). Big buyers, of the sort of volume we've recently seen, don't often make major mistakes like buying into a stock at above market value, only to have the price drop away from their buying prices when they stop buying.
So I still think the market analyses of the big players has brought them to the conclusion that NOW was the time to buy into a stock with near-term prospects of going up in price and staying there.
But that still doesn't explain what is happening TODAY. (Return to original question). Any enlightening comments, anyone?
Pig.
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Last
3.7¢ |
Change
0.001(2.78%) |
Mkt cap ! $17.34M |
Open | High | Low | Value | Volume |
3.6¢ | 3.7¢ | 3.6¢ | $2.87K | 77.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 123903 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 123903 | 0.037 |
4 | 327038 | 0.036 |
3 | 800000 | 0.035 |
2 | 415001 | 0.033 |
2 | 138000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 5000 | 1 |
0.041 | 24658 | 1 |
0.042 | 888673 | 4 |
0.043 | 12693 | 1 |
0.044 | 103044 | 2 |
Last trade - 15.43pm 18/09/2024 (20 minute delay) ? |
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SOR (ASX) Chart |