So the 11c support has been taken out. Predictions of large entities buying in and multiple expressions of interest from big players have come to nothing. After the company's recent record on talking things up with foreign IPOs and joint ventures, will anyone believe them ever again? Who knows were the SP is headed from here. The SP has lost over 90% so pushing it another 54% to 5c shouldn't be too hard for them if they want to go that far. We've seen that neither the company nor ASIC would do anything to prevent it.
So far the manipulation has been so heavy-handed that buyers have been completely scared away. No matter what level they bought at, everyone that has bought Dart to hold has lost money. However low they go, the buyers never come in to grab a bargain because those selling have shown repeatedly that they are willing and quite likely to send it even further.
At least when/if they push Dart below 10c the increment will come back to 1% rather than the 5% it is now. Then Dart will be able to have little daily losses like 1-2% rather than 5-10% it's been stuck on for months.
DTE Price at posting:
10.7¢ Sentiment: None Disclosure: Held
