IKE - Ike GPS.com

**t.rexjr** · 30-01-2020, 11:08 AM

Originally Posted by sb9

Seems as though some pesky one is not happy with more than 72% gross margin and greater than 70% revenue coming from transaction and recurring sources in FY20.

Sometimes you gotta spend money to make money. With relatively few bids its set up quite nicely for a nudge down. Small sells to the bid. A large parcel on the ask. That says to me Pesky wants more for less...

**Timesurfer** · 30-01-2020, 11:15 AM

As long as Pesky lets me in on a few crumbs I am happy for the games to continue.

**TobyPascoe92** · 30-01-2020, 11:20 AM

Whats everyones thoughts on the roughly 7% drop in the last few days? (as at 11.20am 30/1/20)

**Brain** · 30-01-2020, 12:13 PM

Originally Posted by TobyPascoe92

Whats everyones thoughts on the roughly 7% drop in the last few days? (as at 11.20am 30/1/20)

shares go up shares go down. Occasionally the prices represent fair value but the price is what the market is prepared to pay at this point in time.

It’s the future that counts.

Is IKE well managed?

Do they have a service that is in demand?

Will that demand grow?

I would say the answer is yes to the above questions

**Timesurfer** · 30-01-2020, 04:58 PM

When shares rise quickly they often drop quickly too.
Whoever was buying recently drove the price up because most people are hanging on their shares and so to fill their buy order they had keep paying more.
What then happens is the stock drifts back down on low volume trading as small traders buying the upswing exit for a quick buck (or not if they time it wrong), a few sell because of general nervousness over viruses or other news they think might bring the market down. Some sell because they want the money for something else etc.

My thought is ... throw out a buy order and see what I can get a bargin price. Picked up a handful today.

As long as the peaks keep getting higher and the troughs dip lower each time then buy in the dips and sell ...wait .. I don't sell these ones

**Cadalac123** · 31-01-2020, 11:13 AM

Yeah I've noted this pattern a lot too especially with stocks at this market cap.
It was driven up on volumes >100k, then driven down a similar % by volumes in significantly lower
volumes.

I have found paying attention to depth can be extremely deceiving when trading. For example,
there is someone willing to sell 90k shares now at 0.90. Really? After a positive announcement..
I feel there is some degree of manipulation sometimes too. A good example is with SPY where
institutes were clearly trying to drive the price down

**Timesurfer** · 31-01-2020, 11:23 AM

I think they must have been annoyed at me picking up the sellers and cleared my buy order today, now they are sitting back at the price they wanted to pay waiting for more panic sells. Perhaps I shall annoy them a little longer.