Over the last week or so, and certainly today, wealth is certainly being transferred from the impatient. However, it is not yet going to the patient.
My theory is that the wealth has been going to the shorters. IMO, there is a major shorting exercise going on to drop the share price in advance of an opportunistic takeover bid. A much lower share price makes an opportunistic bid look more attractive. There are always lots of weak hands for the shorters to take advantage of, and small market cap stocks such as Janison can have their share price easily manipulated.
I actually hope I am wrong, and that the market is simply jumping at shadows. I do not want to lose JAN to a takeover.
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $50.37M |
Open | High | Low | Value | Volume |
19.0¢ | 19.5¢ | 19.0¢ | $17.37K | 90.47K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22502 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 20080 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 22502 | 0.190 |
2 | 68050 | 0.185 |
5 | 46000 | 0.170 |
1 | 3500 | 0.160 |
1 | 41806 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 20080 | 1 |
0.200 | 343372 | 5 |
0.205 | 16000 | 2 |
0.210 | 2846 | 1 |
0.215 | 19500 | 3 |
Last trade - 15.57pm 02/09/2024 (20 minute delay) ? |
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JAN (ASX) Chart |