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.
Banter and general comments, page-29697
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 (20min delay)
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $267.1M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $564.5K | 4.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 99 | 2746135 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 169153 | 7 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
12.3¢ |
Change
-0.005 ( 5.77 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 13.0¢ | 12.3¢ | 2437790 | ||
| Last updated 15.58pm 05/06/2024 ? | |||||
| CXO (ASX) Chart |