There has been a huge number of retail investors that have flooded the market recently. Inexperienced, uneducated and wanting to get rich quick, they are buying up shares because they are "cheap".
They don't really understand SP or Market Cap let alone fundamentals; they just see something half the price it was a few weeks ago and that MUST mean it will jump back up.
Once smart money has made their profit and dumped, these people are gonna be left holding nothing until they decide to cut their losses and then instos decide to buy up.
This isn't for FLT im talking about he market in general.
All IMO, but just seems like the market continues to rise even tho everything is getting worse and i cant think of a better explanation.
Recovery Time, page-6
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Last
$21.95 |
Change
0.340(1.57%) |
Mkt cap ! $4.851B | |||
| Open | High | Low | Value | Volume |
| $21.74 | $22.05 | $21.63 | $31.78M | 1.450M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $21.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.95 | 8747 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FLT (ASX) Chart |