Reminds me the bust of the American casino in the movie...

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sallywoofs

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05/05/18

08:39

Post #: 32901307
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Originally posted by sunnydayz ↑

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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Reminds me the bust of the American casino in the movie "Casablanca", when Humphrey Bogart (Rick)
asks the crooked French cop "What is going on ?", and the cop exclaims:

"I am shocked...SHOCKED...to find GAMBLING going on in this establishment !"

COB Price at posting: $1.04 Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 5.4¢		Change -0.001(1.82%)		Mkt cap ! $24.02M

Open	High	Low	Value	Volume
5.4¢	5.4¢	5.4¢	$19.44K	360.0K

Buyers (Bids)

No.	Vol.	Price($)
6	173588	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	113166	2

View Market Depth

No.	Vol.	Price($)
4	113588	0.053
10	365172	0.052
4	295090	0.051
13	1054382	0.050
2	55530	0.049

Price($)	Vol.	No.
0.054	4817	1
0.055	61166	2
0.056	15500	1
0.057	32439	2
0.058	115580	3

Last trade - 14.57pm 22/07/2025 (20 minute delay)

COB (ASX) Chart

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