GLV has been relentlessly whored out this week on the day trader thread by some notorious day traders with a PHD in pumpology. They spruik it to each other with ridiculous green greed emojis and then when they’ve pumped it enough it’s a race to see who can offload first with a predictable result. It’s the ‘day traders premium’ and is one of the most consistent brakes on a sustained SP run.
Some think it’s smart to pimp the company out on the day trade thread but the reality is whatever gain it appears to bring is a short term illusion at best.
I say this because there will be retail/ mum dad investors who saw the volume and SP movement and jumped in and now wonder why the pull back… No doubt the positive news has underpinned a SP rise but for the uninitiated understand the ‘day trader premium’ will always act like a stick in the spokes of a bicycle.
The company seems to have awesome potential and in the medium to longer term the collective wisdom of the market won’t miss with the SP and if the goods are there investors will be rewarded.
Good luck all!
GLV has been relentlessly whored out this week on the day trader...
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Last
4.1¢ |
Change
-0.002(4.65%) |
Mkt cap ! $23.69M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.3¢ | 3.7¢ | $266.6K | 6.650M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 10000 | 1 |
View Market Depth
| Last trade - 15.26pm 03/05/2024 (20 minute delay) ? |
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Last
4.0¢ |
Change
-0.002 ( 9.30 %) |
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| Open | High | Low | Volume | ||
| 3.8¢ | 4.1¢ | 3.8¢ | 593010 | ||
| Last updated 14.39pm 03/05/2024 ? | |||||
| CND (ASX) Chart |