ah yes fatstocks
those cappers are obviously still at work. when you made the post about cappers , the gda price was 5.3c. today, despite gold stocks going ballistic, the cappers in gda have managed to push the price down to 4.3c
to quote
"it's a regular occurrence in many stocks whereby a holder of shares lists them for sale at a high price as they don't want to actually sell them, to increase the sell side total market depth to try to get short term drops in share price so they can pick up cheaper shares to increase their total share holding. As the share price moves up and gets closer to the sell they have, they invariably move the order to a higher level to avoid being "taken" in a market trade.
It's referred to as "capping". Happens the same on the buy side to artificially increase the buy side of the TMD. "
- Forums
- ASX - By Stock
- GDA
- 3m @ 167.26g/t au
3m @ 167.26g/t au, page-103
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)