FBR 15.0% 4.6¢ fbr ltd

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  1. 1,565 Posts.
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    What I kind of like to see is that it took many many millions of shares to tank the price 20% but far fewer millions of shares to raise the price the same 20%.
    What does this mean to me?
    Well, I see there being stronger support from buyers responding to sell orders than on the sell side.
    Basically, more support helps soak up more sell orders while at the same time makes it more difficult to accumulate any material stake in FBR.

    Let's also not forget that those investors that thought it was a good idea to sell out over the last few days to take a profit will really struggle to get back in if they have a change of heart.

    I do think it is going to be very difficult for any significant holder to accumulate a holding in FBR without rocketing the share price from here.
    That is to say that low liquidity hurt us significantly on the decline when there was no news but in my view will become a huge headwind headwind on the way up if FBR has a re-rating by investors.

    Not investment advice. Do your own research. Investing is risky, etc etc.
 
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Last
4.6¢
Change
0.006(15.0%)
Mkt cap ! $205.2M
Open High Low Value Volume
4.2¢ 4.9¢ 4.1¢ $537.7K 11.90M

Buyers (Bids)

No. Vol. Price($)
3 972221 4.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 1521697 3
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Last trade - 16.10pm 24/07/2024 (20 minute delay) ?
FBR (ASX) Chart
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