Who would want to hold this stock , except for a nimble, very short term trade as it slides into extinction?
I see 99.14% shareholder value destruction since April 2007.
How close is that to 100%. Petty close.
It was worse a few days ago, at 5.7c or so.
I reckon such nimble traders should be in Forex or Commodities and benefit from leverage.
HC started in 1999 as a penny stock trading site (and then folded , in record time as the shortest listed ASX company), and maybe it still is (penny stock), tho I doubt it would like to sell itself as that, once again a listed Public Company (ASX.HOT)
Regardless, 99% decline is non-trivial..a bit more than "just a flesh wound"....
PDN - WEEKLY: there does seem to be a discernable trend in place, methinks.
PDN...Chart...., page-325
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Last
$11.74 |
Change
0.290(2.53%) |
Mkt cap ! $3.511B | |||
| Open | High | Low | Value | Volume |
| $11.54 | $11.96 | $11.27 | $34.85M | 2.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39237 | $11.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.75 | 307 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |