CTP 1.96% 5.2¢ central petroleum limited

Trading observation

  1. 276 Posts.
    Just putting this out there for discussion.
    Glancing through today's trades, and the major sell orders up the queue, I can't help but notice that the vast majority of the quantities are unusual numbers. When I buy or sell, I usually use a nice round number; it helps me keep track of my position and average and doesn't give me weird fractions of cents. I believe this would be the case with most people. So why are most of the sell orders for strange quantities? My interpretation is that someone is going to a lot of trouble to "paint the tape", this doesn't have the look of retail investors selling out. Just my opinion, I would be interested in other interpretations.
    smsman CTP trades end of day.JPG
 
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Last
5.2¢
Change
0.001(1.96%)
Mkt cap ! $37.74M
Open High Low Value Volume
5.1¢ 5.2¢ 5.1¢ $26.20K 512.1K

Buyers (Bids)

No. Vol. Price($)
4 375000 5.0¢
 

Sellers (Offers)

Price($) Vol. No.
5.1¢ 14804 2
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Last trade - 13.57pm 28/11/2024 (20 minute delay) ?
CTP (ASX) Chart
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