My gut feel is that we are still in for some further retrace.
Just be cautious in the short term. One of the big boys could have purchased at 9c, pumped it to 10 in a day for a quick 10% profit and then proceeded to smash it to where we are currently at. They smash it further, buy lower and either do it all again or just hold a larger position for the same money. Anybody's guess. The volume and price action for that day on the 5th lends some credence to the theory.
Long term don't fret - anything at 9-10c will still see a profit IMO, just a matter of how much you could have got at a cheaper entry point... Way too much going on for this company - I'm just wary of another Merck-like announcement which will hit the SP hard. At which time I'll load up with more!
Anyways, my 2c worth and just all IMO... And please don't get me wrong - I'd prefer to see this march towards $1 sooner than I'd wish to see it retrace to 5c on an ann that disappoints market expectations.
Good luck folks!
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.31M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.1¢ | $734 | 33.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 678087 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 174064 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 678087 | 0.021 |
7 | 313601 | 0.020 |
7 | 861397 | 0.019 |
7 | 2261668 | 0.018 |
4 | 190661 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 174064 | 2 |
0.023 | 238083 | 3 |
0.024 | 1090300 | 2 |
0.025 | 1238770 | 10 |
0.026 | 45454 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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ADO (ASX) Chart |