siamese,
You're talking to the wrong person, mate. I never said I got into ARQ at 60c.
Also, if you re-read my post, I wasn't complaining at all. I was explaining.
I've wondered why, given all of the positive announcements, ARQ wasn't moving up more. I thought I'd found a couple of explanations and thought that, maybe, y'all might be interested in my opinion.
If I'm right, the implication is that, while the insto's are selling down, there are quite a few others buying up (hence, the big increase in daily volumes, with downward movement in sp). I get worried when the price declines and there are no buyers. When there are plenty of buyers, but the price still declines or moves sideways, I wonder what's going on.
I also checked out the short sale data published by ASX and there are no shorts left (they've all covered/bought in the past month, or so). So, the reason for the decline and subsequent sideways slide wasn't shorting.
That's a good sign, IMO. It means there's inherent strength at the moment. It means that, once the big seller(s) have gone, the buyers of 4-5m shares per day will need to find sellers of 4-5m shares per day.
That should be interesting.
[If I have any criticism, it's that they should now stop issuing shares for a while. What with Wandoo and the rest, enough is enough for a while. Shareholders need some time to consolidate and see whether they're being provided extra value or being diluted by all of these purchases/new issues. BPT is the same, at the moment - they've bought so much and entered so many new deals in the past 12 months, no-one knows how to value them.]
- Forums
- ASX - By Stock
- 5GN
- markets favourite oiler ...
markets favourite oiler ..., page-11
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 5GN (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.8¢ |
Change
-0.003(1.79%) |
Mkt cap ! $42.37M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.8¢ | $3.905K | 28.34K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 868703 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 126771 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 668703 | 0.135 |
3 | 506025 | 0.130 |
1 | 250000 | 0.125 |
2 | 18189 | 0.110 |
1 | 9533 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 81571 | 4 |
0.145 | 639762 | 6 |
0.150 | 1565482 | 22 |
0.155 | 1994805 | 22 |
0.160 | 527326 | 9 |
Last trade - 15.42pm 13/09/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online