No one knows the company better than the Directors, four of whom made recent purchases paying an average price of around 35c. Are we to believe other people have some new secret knowledge that now values the shares at 20c? If there is any new bad news that would materially affect the company the Directors are obliged to release it to the ASX.
I believe shorters have been responsible for the excessive collapse in price. Their actions in turn caused irrational fear among investors. The sort of situation that ASIC should be stamping out by way of regulation. Shorting is legal but market manipulation is illegal. Using shorting as a means of market manipulation therefore should be strictly illegal. If ASIC chooses to sit on hands in these situations then it is open invitation for more market manipulation via professional shorting as negative news hits other companies in future, imo. I suppose the sharpest shorters could have computer programs that run the process automatically, for all they can milk out of it.
https://www.edge.asic.gov.au/008/co...tails/t=ee7a4ab0d6471ad172897e948734d7a66f878
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $319.8M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 29.5¢ | $91.06K | 304.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 486794 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 348416 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 486794 | 0.295 |
17 | 299051 | 0.290 |
9 | 469665 | 0.285 |
7 | 114865 | 0.280 |
1 | 22750 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 348416 | 6 |
0.305 | 525909 | 10 |
0.310 | 671071 | 15 |
0.315 | 448018 | 19 |
0.320 | 894298 | 25 |
Last trade - 13.46pm 02/08/2024 (20 minute delay) ? |
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CAJ (ASX) Chart |