I really do think so.
35% shortselling of market cap yesterday and SP hardly moved.
[35% is huge btw]
http://www.asx.com.au/data/shortsell.txt <--- check the other companies and compare.
So, look's like in the face of downward pressure we're hanging around $1.695 . Indicators also showing positive upward changes. In addition, we're at a bounce point on SP 500 and ASX 200...so if they do bounce , we'll get the extra volume upward. I know I'm one of the usual cheerleaders...but if not for the cheerleading many here would have sold out in the $1.50's... I do think it's becoming more probable that the next jump is now or in a couple of days, especially if markets are stabilising with oil etc as you said.
Good times ahead :)
A2M $3 Party, page-555
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Last
$6.25 |
Change
0.510(8.89%) |
Mkt cap ! $4.525B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.77 | $6.05 | $29.65M | 4.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 152106 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 370 | 1 |
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| Last trade - 11.20am 27/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |