Heres how I think this will roll out Bob so no guessing a bottom
A large parcel of shares have found there way into a trading house and they will now manipulate the price downwards to acquire more shares or make money shorting them down ( its easier for these guys to make money that way )
All the mum and dad investors are sitting on a 250-300% increase on there original investment so they shake the tree a little and scare them into selling , youll notice everything is being snapped up as the price drops
2 things will stop this , good news and announcements from HFR or some more institutional buying but it also may be these institutional buyers that are manipulating the price down before they will let it run again .
The longer between announcements the more doubt creeps in and the more they can scare people into selling so hopefully the company releases some info that breaks the cycle and the games
All my opinion but seen it play out 100s of times before
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hfr going mad, page-26
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Last
25.8¢ |
Change
-0.023(8.04%) |
Mkt cap ! $113.7M |
Open | High | Low | Value | Volume |
26.5¢ | 26.5¢ | 25.0¢ | $73.16K | 281.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 94625 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3448 | 0.290 |
1 | 4000 | 0.285 |
1 | 10000 | 0.280 |
1 | 3703 | 0.270 |
2 | 8846 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 13000 | 1 |
0.325 | 5000 | 1 |
0.335 | 14800 | 1 |
0.340 | 5628 | 1 |
0.350 | 2100 | 1 |
Last trade - 12.57pm 03/12/2024 (20 minute delay) ? |
HFR (ASX) Chart |