0.4 percent of stock traded. The pattern of trades didnt look like an iceburg large seller trying to get a large chunk away. If you want to get rid of a meaningful bundle, you don’t keep taking out the bid with small parcels as happened last 2 days. Why would someone trying to get rid of 3 or 4 or 5% get rid of perhaps 0.2% (at most) whilst driving the price down 20% and destroying the value of the much larger part of their holding. The big players are a bit cleverer than that
IMO this was a small stale bull or two selling, plus a tree shake from an institution in a fragile, thin market.
Don’t mistake price for value longstory. You comment incessantly on the price as if that validates there being little value. When it was $3 were you holding. Did you equate that with value then? If so, is it actually worth 58c or $3 in your mind, or do you just vaccilate with the share price. You said you sold when the price was at 56c. I think that may well have been the bottom. Who knows though. But at least i’m taking a view of what i think the real value is - and i think right now somewhere between $1 and $1.50. With an equity parter deal, more like $2 plus
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0.4 percent of stock traded. The pattern of trades didnt look...
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Last
60.0¢ |
Change
0.010(1.69%) |
Mkt cap ! $54.13M |
Open | High | Low | Value | Volume |
58.5¢ | 60.0¢ | 58.5¢ | $3.651K | 6.196K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4850 | 57.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
60.0¢ | 4473 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4850 | 0.575 |
1 | 4943 | 0.565 |
3 | 18237 | 0.550 |
2 | 3741 | 0.545 |
1 | 20000 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.600 | 4473 | 2 |
0.610 | 2703 | 3 |
0.620 | 15000 | 1 |
0.630 | 5035 | 1 |
0.650 | 630 | 1 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
60.0¢ |
  |
Change
0.010 ( 5.26 %) |
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Open | High | Low | Volume | ||
57.5¢ | 60.0¢ | 57.5¢ | 2178 | ||
Last updated 14.49pm 22/05/2024 ? |
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