Hi Folks
SMN is in the period of expected Doldrums, It does not come to me as a unexpected surprise to me.
We have had FAA of the CVM GOGO WIFI installations, followed by a CR to fund expansion.
In the interim, we have a period of very low volume trades, buyer have dried up, in the last four days volumes have been 158K , 76K , 171K and 171K. Absolutely nothing volume and yet the SP declines. In the coming days sellers may offer a 1000 shares in the high 70s to panic the weak holders. It's a crash but on nothing volumes. There are not significant quantity of sellers to offer anything to the buyers.
To retail investors I suggest to not get suckered in by this doldrum period. But to wait until the first flow of information concerning the newly approved WIFI installation kit emerges.
Just my opinions. DYOR.
cheers Lies
SMN in the expected Doldrums
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Last
65.0¢ |
Change
-0.045(6.47%) |
Mkt cap ! $89.28M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 70.0¢ | 65.0¢ | $14.81K | 21.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9178 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 15.58pm 06/09/2024 (20 minute delay) ? |
| SMN (ASX) Chart |