Most likely you are right in the long term.But maybe not.
In the absence of some good news - WHEN will the wheel turn? Does the SP have to get down way under $1.00 before the wheel turns? Without good news will it continue past there? I suspect so. Having watched this stock for the last 7 years (and taking a bath at $1.75 to get out and dabbling when I saw some promise at $1.36 only to bale out as the drift resumed). I am firmly of the view that the shorters and manipulators will continue to drive the SP south until there is positive news. Until I see some unequivocally good news, I struggle to see a buy point.
Oversold, page-4
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Last
$1.40 |
Change
0.045(3.33%) |
Mkt cap ! $1.592B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.42 | $1.33 | $3.802M | 2.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23940 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 22571 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MSB (ASX) Chart |