HRL 4.17% 12.5¢ hrl holdings ltd

Nice observation right back at me @Pisces. Had some time this...

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  1. 2,947 Posts.
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    Nice observation right back at me @Pisces.

    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!
 
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