Fair assessment. It looks as though the market maker is undertaking the old "death by a thousand cuts" torture and slowly driving the price down.
The arbitragers are not going to have much joy trying to trade the pips here.
I still think there is value here. You just need to wear the short term losses until it turns a corner.
Fair assessment. It looks as though the market maker is...
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 (20min delay)
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $331.2M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.8¢ | $951.9K | 6.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 2108694 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 525255 | 13 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
15.3¢ |
Change
0.005 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| 15.0¢ | 15.5¢ | 14.8¢ | 3704716 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| CXO (ASX) Chart |