This is my observation for what its worth
What a whirlwind couple of trading sessions on this & Cobalt stocks in particular! The highs, the lows & the 'somewhere in-between'
Yesterday's profit taking can probably be prescribed to selling out of ARL & buying in to WMN as the timing looked in sync.
If it wasn't for that, ARL looked set to punch in to the $1 range...
Now today, we have all those investors (for the most part) bleeding as WMN opened down 25% on massive volume & that money hasn't really flowed back in to ARL...
Today's ARL news is great as drilling has commenced, but I dare say a lot of people are feeling the way I am & holding back on ARL for today. I had every intention of buying ARL today after yesterday's pull back but now I'm content to see how the price action plays out as I'm a little gun-shy given the WMN events this morning...
So confused at the moment! I hate days like this!
Ann: Cobalt and zinc-gold drilling update, page-44
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Last
39.0¢ |
Change
-0.010(2.50%) |
Mkt cap ! $79.87M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 39.0¢ | $16.27K | 41.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 102940 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 15000 | 1 |
View Market Depth
| Last trade - 10.00am 11/11/2024 (20 minute delay) ? |
| ARL (ASX) Chart |