Had some time this week and have kept one eye on the Buy/Sell stack.
Learnings for me; "seems textbook supply and demand stuff at work".
My Hallucinations:
-if you know that the current sp "should be" 12-15c & then you see little demand in a rights issue at 10c
-I guess if you know that by putting a few 50k sell orders on you can massage the price down to <10c and flushout stops to get it to 9 centish
-its a good job to then hoover up 1m+ shares at the low price for a perceived 30-60% no brainer gain; good work if you can get it
-I now conclude there is "no supply" (VSA term) down at 9c (ish) and it is free to go higher.
I reckon this is an example of what is happening on every share every day ... just really evident on a thinly traded share like HRL.
interested to see if it does go straight through 10c!
HRL Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
