COB 0.00% 7.1¢ cobalt blue holdings limited

Picture this.. 20 pro traders with deep pockets quietly...

  1. 1,509 Posts.
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    Picture this.. 20 pro traders with deep pockets quietly accumulate a stock flying under the radar by purchasing stock on a daily basis (often with a bot) at relatively low volume so not to alert the market with high volume trades etc. They accumulate 5 million shares each over a couple of months until they are locked and loaded, then.. by each agreeing to purchase say 1 million shares on market (generally based on a speculation of good news to be announced) they average up slightly while increasing the volume of shares traded by 20 million! On a stock which has a VWAP of 10c now it is climbing to 11c -12c attracting amateur investors and FOMO and hype kick in and next thing you know the SP has blown out to 15-18c.. The pro investors take some tidy profit by selling to Mum and dads.. then they use there 1 million shares each that they used for bait on the way up and sell down to scare Mum and Dad into selling.. ouch burning fingers on the way.. volume thins out on the buy side while the SP plummets to an acceptable target Price at the same time the sell side volume increases with Mum and dads hard earned shares which aren’t worth much anymore.. the pros go to lunch and enjoy a steak before returning to there trade stations to mop up all the sell side volume of shares often deploying a bot to further put pressure on the situation and confuse poor Mum and Dad.. This is my interpretation of accumulation.. GL
 
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Last
7.1¢
Change
0.000(0.00%)
Mkt cap ! $29.99M
Open High Low Value Volume
7.0¢ 7.1¢ 7.0¢ $2.484K 35.43K

Buyers (Bids)

No. Vol. Price($)
2 17957 7.0¢
 

Sellers (Offers)

Price($) Vol. No.
7.1¢ 57474 2
View Market Depth
Last trade - 16.10pm 05/09/2024 (20 minute delay) ?
COB (ASX) Chart
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