The amount of shares available to trade (buy/sell) in CXO vs LTR is way higher. Even though SOI is comparable, LTR holders are long termers and majority are not day traders. From what I have read, they do not set up stop losses as they know LTR will do well long term. Daily trade is around 30% of CXO $$ and since there aren't enough shares to trade the likes of investment banks / shorter's need to buy on market (this creates higher price). CXO in comparison has 66%+ retail holders. We should be thinking long term and avoid stop loses where we can. We know the fundamentals are excellent so wait out for atleast 6 months. Please DYOR and think long term. Even though blame goes to Investment banks, half of the reason why we are down 30% in a week is due to trigger of stop loses. This is fault of retail holders IMO.
By the way no reply from Gareth. I understand this is a busy time with AGM preparation.
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Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M |
Open | High | Low | Value | Volume |
9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 365887 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 883409 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 160000 | 0.093 |
8 | 228042 | 0.092 |
5 | 162000 | 0.091 |
15 | 566558 | 0.090 |
6 | 244301 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 814846 | 6 |
0.096 | 114900 | 3 |
0.097 | 280988 | 2 |
0.099 | 510000 | 3 |
0.100 | 414411 | 8 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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