When a spring is pushed down, it rebounds hard...
If I headed an insto and wanted to make the most of my investments for my clients, I would pick stocks that are fundamentally solid, but the market has lost confidence in and play them. I would push the price down and buy up, sell as it rose and do it again and again. This would make me a lot of money.
IMO this method is possible until the sentiment changes in that particular sector/stock. When fundamentals return and confidence grows again to the stock, sector and market, the stock rebounds. I believe that this rebound is proportional to the amount of manipulation that has occurred.
GMG holders, get ready for the bounce...
spring effect
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Last
$34.75 |
Change
0.270(0.78%) |
Mkt cap ! $65.99B | |||
| Open | High | Low | Value | Volume |
| $34.97 | $35.15 | $34.67 | $113.8M | 3.272M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11747 | $34.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.76 | 5103 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GMG (ASX) Chart |