To some extent, I agree, but IMO, it can't be refuted that a smaller amount of SOI causes far greater intraday price fluctuations.
To also add, the aspect of my post regarding the timing of MGT's consolidation was purely a hypothetical to assist in my explanation after noodles had a dig because of our SOI/market cap. I have absolutely no idea when or if they would consolidate (plenty of variables I can't account for) but it is a potential nonetheless.
Lastly, I thought that it was worth adding that all of my investments are based on my analysis of
medium-long term fundamental factors/drivers. I.e Jovial's eloquent recent post sums up my perspective nicely. I probably should have added the aforementioned into my original post for clarifications sake but everything is better in hindsight.
No harm done - Cheers.
MGT share price, page-230
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.42M |
Open | High | Low | Value | Volume |
37.0¢ | 38.0¢ | 37.0¢ | $40.48K | 108.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 15500 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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38.0¢ | 8107 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 15500 | 0.360 |
2 | 54000 | 0.350 |
1 | 5900 | 0.345 |
2 | 20300 | 0.340 |
1 | 4998 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 8107 | 1 |
0.385 | 5900 | 2 |
0.390 | 10000 | 1 |
0.395 | 5500 | 1 |
0.400 | 61581 | 5 |
Last trade - 15.58pm 14/05/2024 (20 minute delay) ? |
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Last
37.0¢ |
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Change
0.000 ( 4.23 %) |
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Open | High | Low | Volume | ||
37.0¢ | 37.0¢ | 37.0¢ | 7714 | ||
Last updated 12.32pm 14/05/2024 ? |
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