Nikk0, spot on with your assessment, even though we may disagree on what the big money's aims are, there's no doubt they brutally capped and suppressed the rally 2 days ago, starting yesterday's freefall. I have no doubt they're now loading up bigtime, and won't care if it drops lower in the process.
If they'd be wanting to unload millions of shares, they'd have sustained the rally, propping the price up until they'd sold what they wanted. To create a plunge makes sense for buying, not selling.
Anyway, as you said daytraders are not to blame here. They're little guys providing liquidity & volume, but they don't push the share in any direction, they just try and ride with it.
banksandbods, stop losses are for anyone who doesn't want to lose their capital. You've just got to look @ the GFC to see how valuable they are. Sooo many companies now trading at a tiny fraction of their pre-GFC values, even though their fundamentals may be just as strong.
- Forums
- ASX - By Stock
- warmblood discovery
Nikk0, spot on with your assessment, even though we may disagree...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the BĂ©cancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add STK (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.9¢ |
Change
0.001(1.14%) |
Mkt cap ! $196.4M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.6¢ | $102.6K | 1.174M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 99999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.087 |
2 | 100319 | 0.086 |
7 | 536470 | 0.085 |
1 | 18000 | 0.084 |
1 | 172000 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 99999 | 1 |
0.090 | 103386 | 3 |
0.091 | 100000 | 1 |
0.092 | 40000 | 1 |
0.093 | 100000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
STK (ASX) Chart |