The "wimp" may have been a daytrader who decided to take a small loss as SUD was not looking as it was going anywhere.
Traders like this one have kept the SP lower than it should otherwise be. The large dumper put a negative feel about the stock. Other players, who, one would have to say, have no idea about what is going on see the price going down and large players selling. So they think "this looks dangerous - if the big players are getting out, I'd better get out too before this company goes the way of FGE or MBN." The after - effect of this herd mentality type of thinking is still being felt - but it IS wearing off, as can be seen in the renewed buying confidence and the lessening of the sell depth.
So, as I say, the large seller has gone, but the effect fo this seller on the market is still being felt. This effect is waning by the day, and I would expect SUD to trade a fair bit higher than where it is today fairly soon.
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $147.0M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $95.42K | 662.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 168013 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 1440985 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 81713 | 0.140 |
9 | 467831 | 0.135 |
5 | 536915 | 0.130 |
13 | 965601 | 0.125 |
23 | 1268953 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 1420985 | 12 |
0.155 | 725000 | 4 |
0.160 | 414400 | 4 |
0.165 | 200000 | 1 |
0.170 | 411812 | 5 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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