Good morning all,
Another interesting day for Farites ahead. Although a lot of people are dismissive of morning trades, I am not - the last few mornings when we have seen spikes - they have been precipitated by large morning volumes and a reduction in the sell side.
I find it very interesting that the majority of the sell side is now stacked so far out of the money with more than 21M shares for sale now beyond 9.9 cents.
That means of the 35M for sale, only the 14M shares below 9.9 cents are close to the money . Remember it was only a week ago when we had 60M for sale and only 20odd on the buy side.
What does this mean?, with a continuation of yesterday, we could run to very high share prices very quickly IMO.
Also, I firmly believe that there is a truck load of accumulation going on.
If anyone really wants to get into FAR now, it would be difficult to pick up a big position without running the price up very quickly. It looks like our best kept secret has just been discovered in more ways than one.
For those looking at what the potential value, as well as what FAR is all about - http://www.far.com.au/wp-content/uploads/2013/11/20140114-Hartleys.pdf
DYOR - I have, and I am proud to say I am all in
FAR Pretrade
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Last
47.0¢ |
Change
0.015(3.30%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.0¢ | 45.5¢ | $82.32K | 180.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 125569 | 6 |
View Market Depth
| Last trade - 15.47pm 21/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |