No matter how good the fundamentals of a company are, at the end of the day these are penny stocks. Like it or not, the SP is not determined by what you and I think the company will be or should be worth, but at what price the big players would like it to be. People like you and me will always remain hostage to the blatant market manipulation undertaken by the big guys.
Having no announcements works in their favour. Makes perfect sense for them to push the SP down by a couple of pips and then start buying just when the news is released. They will double their money whilst you and me will be sitting here holding the empty bag waiting and waiting and more waiting..
Nothing can stop this dropping to 0.2c if no news is released by end of this week, no matter how good the fundamentals are.
But obviously if I get an opportunity I will buy at 0.2 instead of 0.4. The former looks more likely now, in my opinion.
Next Mining Boom DEG, page-613
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Last
$1.21 |
Change
0.055(4.76%) |
Mkt cap ! $2.899B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.21 | $1.19 | $9.324M | 7.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33645 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 12149 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |