HI.
Maybe I'm just reiterating what someone else has mentioned : but if 1B shares were issued at 18c...why would the instos want to sell those ? - they would want to hold onto them.
So, all these shares that are being churned at 16.5-17c are those that are either :
1. Hit stop lossess
2. Scared hands
3. Instos selling to themselves...
This will normally happen (from what I have experienced) for a month or so - then we start to see a rise into 20-30 again. With the help of 1-2 announcements off course)
GL
General Discussion Topics, page-56172
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $360.2M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.7¢ | 3.4¢ | $8.754M | 249.3M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 4706070 | 7 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SYA (ASX) Chart |