Hi Waveman
“INL has come down 90%, yes 90% recently on low volume”
The high of 30c was in back Dec 2006 hardly recently. Go back and look at the chart and see the share price went from 4-5c in March to 12-13c September on low volume. Then in my opinion the share price clearly detached from the value of the company and spiked on much higher volume to 30c in November \ December and back to 20c in February 2007.
In my opinion the volume shows that a number of investors sold out and were replaced by traders and this has done INL no good.
“If you think about it there are many large investors who now cannot sell as there aren't buyers of large amounts of shares, just a few traders and mums and dads willing to buy hoping for a bounce.When Intec state large shareholders are not selling I have to laugh, it is only because they can not get out now”
This is simply not right. The shares have not been suspended and dropped 50% or more over night. So any holder could have put there holding on market and sold. Those same holders also chose to put more cash in with the rights issue. Only in the last week or so someone had a buy of 3 million which at the time only got about 500,000 and it looks like someone sold over a million.
“Also, if you bought even off the highs at say 20 or even 15c, you are holding that large a loss it really isn't worth selling, may as well hold and pray, which is the only option left for shareholders.I know some are accused of downramping but really, facts are facts, INL has lost 90% in value and are looking like going lower if this steep downtrend continues.”
Holding and preying and is not the only option. Do your research back yourself and make a judgment. It is always worth selling. If you truly belive it is going down SELL. Some cash is better than no cash.
“I am in the hold and prey scenario so hope they don't go and fold altogether, but it isn't looking good let's face it.As for my disclosure of st.sell, well I would be a liar if I ticked buy wouldn't I.A look at the chart cannot indicate anything but further losses coming.Sorry if this is too factual but I have all but written off my small investment in INL.unfortunately”
You imply that your only choice for your sentiment is sell or buy which is not right and as you said your current sentiment is a hold so why not select this on your disclosure?
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Last
47.0¢ |
Change
-0.010(2.08%) |
Mkt cap ! $89.20M |
Open | High | Low | Value | Volume |
48.5¢ | 50.0¢ | 47.0¢ | $63.28K | 130.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12918 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 6989 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12918 | 0.470 |
1 | 11000 | 0.460 |
3 | 49936 | 0.450 |
1 | 60000 | 0.440 |
1 | 11593 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 6989 | 1 |
0.510 | 3930 | 1 |
0.520 | 12333 | 1 |
0.530 | 40524 | 3 |
0.535 | 20000 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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SDV (ASX) Chart |