After a day like today, the analysts will be doing their post mortems and telling us how the market has been "sold off" and that it was a "seller's market" etc. etc.
To state the b....ing obvious, for a trade to take place, there has to be a buyer and a seller. If noone is willing to buy at a certain price, then the trade simply wouldn't happen.
So today, for example, although the analysts will tell you it was a "seller's market", every stock sold was also BOUGHT.
Does that mean that everyone that bought a share today is an idiot? Of course not. Many buyers (and let's exclude algo-trading, INSTO's etc.) bought at these prices because they figured there was money to be made.
Some will be wrong and MANY will be right. I'm a hopin' I'm one of the latter with ABU and as I've said, I'm here for the long term.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.235M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $4.9K | 2.45M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 74323422 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 324333 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 74323422 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 324333 | 1 |
0.003 | 26337389 | 25 |
0.004 | 6180859 | 8 |
0.005 | 889000 | 1 |
0.006 | 166666 | 1 |
Last trade - 15.11pm 10/09/2024 (20 minute delay) ? |
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PRX (ASX) Chart |