I'm not sure how it's pointless.
All I wanted to do is post to current holders that shorts do exist on this stock, and that they could possibly be explanation to the current shareprice behaviour.
And just from a quick glance today, it look like the ask side has thinned out. I've got an inkling that the sellers @ 0.028 are a few shorters as well.
Currently, in the book there is a single seller that has placed 13,600,000 sell order @ 0.028, thats more than a third of that line (that equals $13,000 per pip move).
On my scanner 88E's vwap is 0.03, shorters play on psychology, if people keep buying the current price but the shorters keep pushing it down... eventually people with start to sell. I reckon they might be aiming for the old resistance line @ 0.019- 0.021.
But please Do Your Own research (DYOR). Especially regarding/understanding shorts.
That 13.5 mil sellers might be legit. Could be a significant holder leaving the stock. But personally I when I look at a book and the ask/sell side lines tehy each have 5-15 mil worth and then theres a huge sell on a specific line, it just doesnt add up. its like a big ol' nail sticking out.
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $36.62K | 15.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
621 | 874601304 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 509937628 | 127 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
621 | 874601304 | 0.002 |
162 | 791795242 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 489937628 | 126 |
0.004 | 327769149 | 172 |
0.005 | 133019998 | 79 |
0.006 | 47384188 | 45 |
0.007 | 126230677 | 36 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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