Well there's lots of could be's as to why the SP just took
a tumble. If you look at what was just released (IMO great
innitial 'estimate') and all the other positives
surrounding the current projects, there is absolutely no
reason for what just happened. The market can't react to
bad news if there wasn't any. Unless they think the initial
estimates are worse than they expected??
IMO this was a tree shake allowing the 'sofisticated
investors' a chance to get in lower. Easy to do if you own
a stack of shares at a higher price. Just my opinion of
course.
There was alot of accumulation around the 0.029-0.030
mark??? and yes there would have been heaps of stops
hit (the tree shake).
Nice safe tactic to await news for re-entry.
My Disclosure = I wasn't one of those sellers:)
Gaspew
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.11M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $31.13K | 6.335M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 98885505 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 60157318 | 91 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 98885505 | 0.004 |
41 | 74559310 | 0.003 |
20 | 59943541 | 0.002 |
14 | 81850999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 60157318 | 91 |
0.006 | 26024445 | 36 |
0.007 | 33528270 | 22 |
0.008 | 14152230 | 17 |
0.009 | 11099059 | 12 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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ROG (ASX) Chart |