no-one said it’s got no lower to go. it appears u don’t comprehend.
its all about the risk profile.
its why no-one’s buying higher…theres too much risk. a smart person will wait till its derisked. with finance or offtake or whatever they determine as being derisked. right now, it’s a huge risk buying this.
it has way more chance of going down than up right now so people wait.
the shorts have considered the risk profile and decided it’s not worth the position here. maybe they found something to long in? maybe they’re shorting something else. who knows and it doesn’t matter.
it’s of no consequence and has no bearing (totally unrelated) on the failure / success here just because they’re bailing.
General comments/chat, page-42930
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Last
1.8¢ |
Change
0.002(12.5%) |
Mkt cap ! $55.98M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.8¢ | 1.6¢ | $170.0K | 10.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2380000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 3676164 | 10 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |