And all because volume of around 44 million shares - out of 8.6 BILLION managed to crash the price by more than 12% in the last two days!
Rather than wondering who is selling, I’m curious about who’s buying!
There are plenty of millions of shares in this company that were gained free or at a pittance. - So there is no reason to think someone has thrown up their hands at this late stage, and is ‘cutting their losses’ … not unless there is significantly more volume!
But due to the fact there are plenty of free shares out there, and due to the manipulated one share trades that have closed the market plenty of times in recent weeks. (Even to the point someone goes into the buy queue at say 456 shares at 15c and a seller immediately pops up to counter ‘match’ with 457 shares at 14c makes me think there is some solid manipulation going on) I think there is every reason to think there are psychological plays goimg on.
Do you think AVL management and team like these prices?
I don’t.
But this is a public company in an arena where price and value rarely match.
Maybe someone big is trying to set the frame for a low priced SPP by tossing shares away into an exhausted market?
I don’t know.
But I do know that whilst AVL is trading at terrible prices with nothing solid (yet) for large investors to put their money into in a downward spiral trend that not even many TA traders would be prepared to put money into you wear it or dump your shares.
Cussing management solves nothing
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $137.7M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $88.38K | 5.533M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
74 | 15515011 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 155481 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
70 | 15254159 | 0.015 |
26 | 7565178 | 0.014 |
23 | 6296554 | 0.013 |
11 | 6527757 | 0.012 |
17 | 6238368 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 6891013 | 15 |
0.018 | 8191598 | 36 |
0.019 | 3930001 | 12 |
0.020 | 10322514 | 20 |
0.021 | 9100000 | 2 |
Last trade - 15.57pm 07/06/2024 (20 minute delay) ? |
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Last
1.6¢ |
  |
Change
0.000 ( 3.23 %) |
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Open | High | Low | Volume | ||
1.6¢ | 1.6¢ | 1.6¢ | 5547068 | ||
Last updated 15.57pm 07/06/2024 ? |
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AVL (ASX) Chart |