Not sure I agree with a "kick in the teeth to those investors who were solidly behind it". If they were "solidly" behind NOR before I assume it was because they liked the product, had confidence in the management and financials and saw long term value in the company. Alternatively if they were looking for a quick buck and got caught up in all the ramping that's been going on around here and bought at the highs during yesterday's buying climax then yes, I guess they might feel like they have been kicked in the teeth - not by the company mind you, but by the traders who were lined up waiting for them.
Emotions are running pretty high around here at the moment driven mostly I suspect by holders who jumped onto the NOR express in the last week. These sorts of things go on all the time and shouldn't come as a surprise to anyone who has experience investing in the spec/small cap end of the market. Those who don't understand how these things work should maybe take some time to learn a bit before putting their hard earned cash on the table thinking they are going to become overnight millionaires.
I would expect most of the paper profits generated by NOR's stellar rise in the last two weeks have already been converted into cash and most of the holders from the .03 days are no longer posting. Go back over the threads for the last month and have a look ;-)
For the record I held from .031 to .105 and bought back in this afternoon at .11 for another medium term hold.
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.20M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 66818 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 36182 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 66818 | 0.032 |
1 | 200000 | 0.031 |
2 | 190000 | 0.030 |
1 | 200000 | 0.029 |
3 | 750000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 75222 | 2 |
0.040 | 100000 | 1 |
0.041 | 123849 | 1 |
0.046 | 21759 | 1 |
0.050 | 1000 | 1 |
Last trade - 10.57am 04/09/2024 (20 minute delay) ? |
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NOR (ASX) Chart |
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