Not just a dead cat bounce - macquarie know the internet based market is hot to trot.....they know there is a current strong weakness - no CEO or CFO but the underlying business has momentum - they know that there is s atrong possibility that a buyer will come............they know the fundamentals are still okay for the business ....and in my view they know there is an opportunity to make some serious cash here - and everyone else has just followed on their coat-tails.
BLU still has a good underlying business, which someone would pay nicely for ......and when macquaire are involved you know there is soemthing good...hence the 30 odd % rise today....
I traded it and was in the black nicely ..... but still have some overpriced shares I bought earlier. Most of the fear has now been replaced by greed.......just look at the buying depth .....go BLU.....I'm in for a trade and for the longer term with acqusition a clear possibility....Just my thoughts please DYOR
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $16.65M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $1.44K | 160K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 262933 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 886280 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 262933 | 0.009 |
17 | 3088770 | 0.008 |
9 | 7654428 | 0.007 |
4 | 8566500 | 0.006 |
4 | 3550000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 886280 | 5 |
0.011 | 376319 | 2 |
0.012 | 415748 | 2 |
0.013 | 1240000 | 2 |
0.015 | 520000 | 3 |
Last trade - 13.51pm 23/08/2024 (20 minute delay) ? |
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