"Since yesterday (100K units was in play) whoever traded it;
- best case scenario - loss - $4,000
- worst case scenario - loss or they are down (if they have not sold it today) - $9,000"
regularASX,
I think you refering to me, and i am wondering how did you come up with the above caluclations!!!
FYI, i traded ELD many times both yesterday and today, so basically you know about one transaction only!
Yesterday my last transaction was buying at 44.5c and i decided to her hold overnight (i made a mistake lol) and it went down so i had to sell early morning at 41.5c (this was $3000 loss which is better than your best case scenario !!!).
To sum up, day traders can buy/sell the same share few times during one trading session hence trading volume can be very deceptive sometimes.
By the way, i have not lost money trading ELD so far! and i will coninue trading it as long as it has the big trading volume and the high volatility!
panic = opportunity, page-54
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Last
$8.86 |
Change
0.270(3.14%) |
Mkt cap ! $1.400B | |||
| Open | High | Low | Value | Volume |
| $8.63 | $8.86 | $8.58 | $5.997M | 684.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1161 | $8.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.86 | 1492 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |