Hi JFI,
Sorry, it hard for me to post during the day, today is an exception. It is either very early in the morning or around lunch time.
Without going into much details.
The market is very controlled by big fund managers, eg Colonial Estate, etc---- The market waits for signals between 2pm and 3pm. the DOW future and re-setting the price of the stock tonight will be decided.
The price was not moving because the market is waiting. The future was stuck at 10 in the green.
Now a close at 13c is possible id dOW is drifting lower. If the Dow approaches 20 in the green, expect close at 14c. The 14.5c is unlikely today. The resistant point of 17c by Monday most likely in my opinion.
My opinions and thoughts. DYOR
@Hotgrail, Share price alone has never and will never be a judge on its own to indicate a successful business. Telestra was $2.50 and it wa still paying 14cX2 dividend.
Kaboom, page-20
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6556 | $7.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 3385 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |