Don't you just love the computer algorithm trading going on at present. The NY stock exchange has no traders (i.e real people), but is all computer driven during the Covid-19 pandemic.
So what chance do mug punters like us have.
GOR jumps up 16.5c today, but immediately you know that it is going to be battered down by some algorithm.
For long term committed holders there is no use watching GOR during the day. All you need to do is look at the end of the day and see gazillions of trades but the price could be anywhere.
All you have to do is wait patiently for the price to eventually go to the level it should.
My price for GOR with the the price at $AUD2,700.00 is $3.49 (company tax not deducted) for my Super Fund because I get 100% franking back, it will be lower for those who have to pay tax for your winnings.
Some perspective., page-31
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 (20min delay)
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Last
$1.63 |
Change
-0.020(1.22%) |
Mkt cap ! $1.760B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.62 | $12.42M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 110239 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 83296 | 5 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| GOR (ASX) Chart |