The Uranium spot market has virtually no liquidity......down she goes. Too easily manipulated.
The market depth of PDN consists of 90% computer trading between HFT'ers. They are on both sides buying and selling, selling to move the price down, buying discretely to square up their positions. The "real" liquidity is virtually absent as there is no longer the will to fight these bots until they are done.
In the mean time the smaller investor gets hurt, he holds on and holds on until... he cant stand it anymore and that is usually the signal for the bots to reverse..... The little guy stands by transfixed as the price reverses and he cant get back in....he will wait for the price to pull back...
Thin liquidity is destroying the markets. The institutions that destroyed the financial market are trying to manipulate these markets to regains some of their capital>. In the process they are destroying companies and investors life savings with their manipulation.
No one said that the market was full proof or risk free. But its should not be like a casino either where the odds are stacked heavily towards the house/ HFT'ers.
The Uranium spot market has virtually no liquidity......down she...
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Last
$11.18 |
Change
-0.250(2.19%) |
Mkt cap ! $3.342B | |||
| Open | High | Low | Value | Volume |
| $11.66 | $11.66 | $11.18 | $25.19M | 2.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8339 | $11.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.24 | 800 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |