On Friday afternoon after 4.00pm there were some large volume of trades going through.
Today the volume is not big and there are a lot of small trades.
My thinking is it is relatively easy to manipulate the market in this environment.
I am staying put and not doing any trades because of FOMO.
Whoever is running this algorithm, because of the small trades, will probably not loose much but will benefit from picking up cheaper shares.
This is my thinking, a guess at how algorithmic trading works.
CLQ by it's nature lends itself to high volatility.
Who knows the DFS may not arrive for another month, or tomorrow.
The sooner the show gets on the road the better, something no doubt management is acutely aware of.
Smart Money is Buying - Broker Data, page-91
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Last
36.0¢ |
Change
-0.025(6.49%) |
Mkt cap ! $32.48M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.5¢ | 36.0¢ | $5.227K | 13.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 108 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 12500 | 1 |
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| Last trade - 15.58pm 28/10/2024 (20 minute delay) ? |
| SRL (ASX) Chart |