I won't comment on why the institutions could be reweighting and whether it is due to the Galoc reliability issue. Yes nzmana, you are right, 30% downtime should be assumed for any investor but if only investors were rational beings.
Agree very strongly with you on the company communications front. Stocks which communicate frequently with investors tend to do better in the market place. Not identical in nature to NDO but MEO, KAR and CDU come to mind and these have each had stellar runs in the past few weeks and months. If I were Jocot I would be making sure today's announcement gets in the newspapers.
Once a stock has established a downtrend it accumulates inertia which means it keeps going down. Today 12 million shares were traded for a half cent gain. We need the buying to continue tomorrow on high volume for a reversal in our fortunes to be imminent.
strange trading, page-11
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Last
81.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $184.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 82.0¢ | 80.0¢ | $250.3K | 309.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12308 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 38521 | 3 |
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| Last trade - 16.15pm 01/11/2024 (20 minute delay) ? |
| NDO (ASX) Chart |
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