Good point. Fascinating how Shorts can cover and the share price drops. It seems there is interest from some pretty skilled operators in this ticker. Both here and in the US.
The pre-market ASX action on the Sell side 5 min before the start of trade is designed to keep the open as low as possible lately.
It plays well for us Retail holders, because to me it means they see value and when they decide to let the SP run it will. Another way to put it; They take off the brakes and push the gas. When it suits them. IMO.
So is today on the ASX a FOMO Friday or a follow the daq day. let's see. GL.
Intended as a response to your Cover post.
Overnight Market report, page-344
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Last
29.0¢ |
Change
0.020(7.41%) |
Mkt cap ! $421.8M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 29.5¢ | 27.0¢ | $1.138M | 3.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 63444 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 65000 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IMM (ASX) Chart |