May seem perplexing & illogical but if people want to sell their shares at current prices then plenty of HC fans will continue to snap them up. Longer term investors will accumulate happily.
As far as sellers motives go, they vary greatly and for any number of reasons, a few obvious ones are:- - Investors could have bought them at .018-.019c not so long ago. Not a bad return 50%+. - Historical shareholders with Cost Base way higher may crystalize losses for EOFY tax. - Investors also rotate stocks this time of year, some to cash to meet SMSF declared allocations.. - You could add freely to the list. Many traders like to trade micro caps like CM8.
anyway a few reasons & hope this adds some logic to discussion.
CM8 Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
