As a trader you don't get emotionally attached to your position, long or short.
My view is it's grossly overvalued on any financial metric but it is essentially a gamblers share and responds to Nasdaq movements except even more so to the downside since the FOMO top.
Its like every one putting their cash into the pokies hoping to win the national jackpot, the jackpot goes off and everyone curses the winner and tries again.
The jackpot winner in this case is Larry Diamond cashing in his $ 60 million.
Except the jackpot this time round is getting smaller as a lot of punters lost all their money and the pool of gamblers is reducing so you need a raging bull market to get back to FOMO peaks because the fundamentals simply don't support a valuation of $1 billion let alone $6 billion
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Last
$2.72 |
Change
0.020(0.74%) |
Mkt cap ! $3.551B |
Open | High | Low | Value | Volume |
$2.64 | $2.74 | $2.61 | $24.57M | 9.147M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14000 | $2.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.72 | 80225 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14000 | 2.710 |
7 | 44997 | 2.700 |
5 | 91606 | 2.690 |
12 | 325003 | 2.680 |
7 | 174460 | 2.670 |
Price($) | Vol. | No. |
---|---|---|
2.720 | 80225 | 7 |
2.730 | 576174 | 18 |
2.740 | 308296 | 14 |
2.750 | 322819 | 35 |
2.760 | 231402 | 10 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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