CTP 4.17% 5.0¢ central petroleum limited

Trading observation

  1. 561 Posts.
    lightbulb Created with Sketch. 42
    Just putting this out there for discussion.
    Glancing through today's trades, and the major sell orders up the queue, I can't help but notice that the vast majority of the quantities are unusual numbers. When I buy or sell, I usually use a nice round number; it helps me keep track of my position and average and doesn't give me weird fractions of cents. I believe this would be the case with most people. So why are most of the sell orders for strange quantities? My interpretation is that someone is going to a lot of trouble to "paint the tape", this doesn't have the look of retail investors selling out. Just my opinion, I would be interested in other interpretations.
    smsman CTP trades end of day.JPG
 
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Last
5.0¢
Change
0.002(4.17%)
Mkt cap ! $37.00M
Open High Low Value Volume
4.9¢ 5.1¢ 4.7¢ $44.05K 911.5K

Buyers (Bids)

No. Vol. Price($)
2 20000 5.0¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 164625 2
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Last trade - 15.01pm 21/06/2024 (20 minute delay) ?
CTP (ASX) Chart
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