I guess I'm struggling to see how/why an insto would have a large position in a micro cap explorer to begin with, let alone choose to unload it en masse when it starts finding gold.
I definitely think Mr Insto, if that's who it is, is supporting 0.05ish and happily buying there, and when it runs he's shaking the tree to keep it going too high and to scare the sheep into selling. It just looks more like an accumulation strategy than a distribution one to me.
I know what you're saying about good daytraders - I sold at the top of the 1st spike. I then went and bought back in too early & wasn't at my computer during today's all-too-brief rally. I don't think that's part of good daytrading somehow :)
I guess I'm struggling to see how/why an insto would have a...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $205.8M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 12.0¢ | 11.0¢ | $258.1K | 2.282M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1172270 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 4700 | 1 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| STK (ASX) Chart |