"you surely don't believe that a stock price is affected by a handful of disillusioned shareholders".
I sure do. Especially when volume is between 1-2 million daily for a sub 2 cent stock.
We are talking shares traded of only $15-$30k a day.
Why would you, with a group of similarly minded people, spend 2 months rubbishing a stock (no real fundamental or technical explanation), to suddenly turn around and say its future is looking positive? It's because you've saved a few pips which is huge on a stock sitting at 1.6-1.9 cents.
Rather than "disillusioned shareholders" I'd call them manipulators.
Wongy
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Last
1.1¢ |
Change
-0.002(15.4%) |
Mkt cap ! $29.75M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.1¢ | $33.86K | 2.679M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2125960 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6500 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| ADO (ASX) Chart |