To Scooter and others,
My understanding is that at least half the daily volume, probably more, is play money, the bots are pushing their narrative to create price variation on a daily basis so that the majority of the bots volume is on the right side of the daily or two daily or weekly or fortnightly direction as a percentage of the individual bots total play volume. The direction doesn't matter much just so long as there is direction, if sentiment calls the direction all the better because it will initiate a herd movement which is higher volume and greater distance than zig-zag grazing. If multiple bots are working together the movement can be more than if the bots are trying to pre-empt, trick,trap,delay,obfuscate the other bots, sometimes it can become a war, especially at direction changes, all these tricks are played on retail big time. If there is a distress situation the knives come out to increase the stress, which is your call above. The people controlling all this want to make as much as possible annually on the whole of their stock of shares, which may be considerable, in which case it may take a long time to turn their stock over at a good enough rate of change of direction to make the percentage value add up to decent annual return. Now the numbers, even just a 0.3% value change on a daily basis over a trading year equals approximately a 100% annual return, so if it's a job it requires constant attention to achieve that. Even a 0.005c daily price change at these levels = 1.63% movement which takes care of some of the background stock that didn't get a chance to play that day. The lower the price the greater % movement 0.005c will achieve so quite an incentive to lower the price. You will notice that if ever volume slows someone will drop a bundle to stir sentiments up. At the moment the stock is being played for sentiment, there is accumulation happening at these levels but not every trade is accumulation, just a percentage enough that there is stock to distribute in a few days,weeks,months when ripe. Retail can take advantage of all this if they are patient and can see it happening under their noses, otherwise they can become victims or go play roulette, and we didn't even touch on fundamentals lol. Being played on sentiment is my call, with a shake as a bonus, same as when it nearly went through 40c recently, how far it will go each way is yet to be shown, how long for also rests on absorbers. Imv the bots are not there to buffer sudden stock changes (although that is the excuse used to justify), they are there to express and camouflage the narrative of the market makers.
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Value - what value?, page-105
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $448.8M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 17.0¢ | $181.4K | 1.051M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 227484 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 851548 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 211981 | 0.170 |
18 | 666068 | 0.165 |
3 | 296250 | 0.160 |
4 | 103951 | 0.155 |
7 | 504336 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 675486 | 6 |
0.180 | 345927 | 7 |
0.185 | 276531 | 4 |
0.190 | 218083 | 6 |
0.200 | 349395 | 7 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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