There is a systematic buy and sell here. I’ve noticed over the past 12-18 months that there are always large sellers able to hold the price. Each and every single time we move upward, a block of around 500,000 shares is placed on market to slow the momentum. A move by several entities to gain a larger slice of the pie I feel. Why would you sell right now? You would have rocks in your head to do so.
My theory: who ever wants a position of around 5-10M shares will need to keep the price down as current pricing is undervalued by half at least. When the buyers have their fill, could be today, tomorrow or next month, the share price will be able to take its course and rebound to new highs, signaling better sentiment on the stock. I suspect we are close to this cycle and have been buying more in this period. We have gas shortages on the east coast. Comet has vast supply of gas coming soon to the market.
Don’t be fooled by the current share price as this is no signal of what’s coming. For me, Comets future is bright, becoming a dividend stock and one for many years of holding, watching it appreciate in value.
Feel free to tell me I’ve got this wrong!
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $221.5M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.3¢ | $355.2K | 1.814M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 445123 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 586228 | 0.190 |
3 | 552000 | 0.185 |
2 | 470000 | 0.180 |
1 | 250000 | 0.175 |
2 | 205880 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 445123 | 5 |
0.205 | 394256 | 7 |
0.210 | 214560 | 6 |
0.215 | 1200543 | 6 |
0.220 | 236763 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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