Why try to pick a bottom or a falling knife?
A friend of mine recently bought on a very simple view of “ it’s fallen so much and on good land! He is now 40% down in quick time. Really the trend is not your friend and just because people say $1 being round figure or that Chinese may take over is not enough of reason for me as the trend looks decidedly serious bearish usually indicating total lack of confidence in this business. At 60 cents given they have $100M cash biting approx 15 m quarterly the MC of 400M does not look so sexy.
im not sure where it will bottom
CHN chart, page-6300
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Last
$1.36 |
Change
-0.005(0.37%) |
Mkt cap ! $527.0M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.34 | $5.839M | 4.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 57927 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 19937 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CHN (ASX) Chart |