...well...share your view... what is your forecast?
..the market is rigged for retail...everyone knows that.... ASIC is feeding this frenzy by allowing this.... or turning a blind -eye.... ASX is one of the worst stock exchanges at this stage due to ASIC's incompetence....just look at last year's parliamentary enquiry where they concluded 'not fit for purpose'....
...ergo, to try to 'time' the market with unknown known extraneous catalysts in a rigged market .... it is a fools game...
...look at the PMT's volume...you can take the share up and down by 10% with say 200,000 shares....some days you could do it with 50,000... look at the % shares sold since 42 cents two weeks ago.... 0.2% of outstanding shares took this share almost 30% down....candy from a baby....
....and latest algo's can drive this where they want... Client X phone Bank Y and say they want to acquire 2,000,000 shares for an average price of 35 cents... Bank Y phone Hedge Fund X to deploy some of their algo's.... borrow a few shares...short it...shake the tree...and voila...
...the reality is...on a daily basis poor retail investors buy shares....their broker then offer these shares immediately to shorters for say 1-3% margin.... shorters borrow your shares from your broker and sell it....drive the share price down .... thanks to retails recent acquisition/supply... poor retail investor freaks out and sell.... intent... that notorious tree shakes.... shorter buy shares back at a much lower price and deliver your shares back to your broker.... rinse and repeat...millions per minute/ hour/day/week....
....some company's are getting totally destroyed by this....people lose their livelihoods and life savings when these shorters/hedge funds are really successful.... question is: who needs actual terrorism, if you have hedge funds and shorters terrorising retail investors and company's every day...all endorsed by ASIC and ASX?
...some days/weeks/months there are plenty of supply for shorters thanks to poor retail ignorant behaviour ...that is when the price tanks...BUT other days/weeks/months these shorters are forced to close their positions after other shares they have shorted released accretive news and they had margin calls... positions liquidated... that is when price spikes up.... up and down....for no apparent reason....
...only thing a retail investor can really do is to buy a stock and immediately put it in the market as a 'limited sell' at say 30% higher than the current price... your broker is then unable to 'work' against you, by lending it out to a shorter, after you done that....try that... but some brokers prohibit this because it is a problem to their income strategy.... Droneshield is a perfect example of this....buy say a million shares in DRO... leave it for three days in your broker account...wait for the share to go down after your broker lent it out.... and then change it as a 'sell limited' order for say 30% higher price... see what happens on low volume days where they are forced to buy it back... go and look at the unexplained price actions in DRO in January.... another stock you could do that quite easily is at this stage is TRUL or BMEA on TSX and NASDEQ...you could crystallise 25% increase with say 100,000 shares....
.... but most small cap stocks are being manipulated... question is whether it is manipulated up...or down....and how you time your entrance and exit....
....BUT you will see how these algo's/system are rigged...against retail investors.... and that is why trying to forecast a rigged market is pointless..... too many extraneous unknown knowns...
...my two cents....still...
PMT Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)