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.
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Last
41.0¢ |
Change
0.025(6.49%) |
Mkt cap ! $40.35M |
Open | High | Low | Value | Volume |
38.5¢ | 41.0¢ | 38.5¢ | $34.18K | 85.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 245 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 35933 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 245 | 0.395 |
1 | 6000 | 0.380 |
3 | 66882 | 0.370 |
3 | 20000 | 0.360 |
1 | 20000 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 35933 | 2 |
0.415 | 40000 | 2 |
0.420 | 670 | 1 |
0.430 | 33333 | 1 |
0.440 | 12150 | 2 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
40.0¢ |
  |
Change
0.025 ( 2.56 %) |
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Open | High | Low | Volume | ||
38.5¢ | 40.5¢ | 38.5¢ | 18625 | ||
Last updated 15.43pm 30/05/2024 ? |
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