Everyone seems to be assuming someone else knows something that they themselves don't know. That's common and can trigger further selling on a correction. The selling can create a positive feedback loop of more investors wondering what the growing number of sellers know. Buyers step back as they figure they can buy cheaper tomorrow. Low volumes exaggerate the move.
I'm betting no one that's been selling actually knows anything.
Until we get news confirming everything's good or there are some negatives, everyone seems to be just guessing and selling just in case.
Lack of news is one thing I think we all agree we don't like.
TA/chart, page-198
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 (20min delay)
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Last
5.5¢ |
Change
0.001(1.85%) |
Mkt cap ! $47.58M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.4¢ | $8.886K | 162.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 66104 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 113779 | 2 |
View Market Depth
| Last trade - 11.42am 14/06/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.5¢ | 5.4¢ | 35750 | ||
| Last updated 10.43am 14/06/2024 ? | |||||
| MNB (ASX) Chart |