An extended wait is very corrosive to SP, especially if management blow past a deadline or 2. We saw that last week with the SP up to 7.2 and then down to mid 5c - it's like a climbing plane that runs out of airspeed and stalls, picks up more airspeed in the rapid dive, and then slowly rises again (and no it wasn't due to 'downramping', that's just making idiotic excuses, all the dissonance was 6 days before the SP fall). If the wait is too long then upward momentum is lost, the market eventually moves on, and any good news will just be ignored. One of my current stocks is like that - darling of the market for 6 month and then persona non grata regardless of good news or potential - i.e. they've been tuned out and put on the ignore list, hopefully just for the meantime, but it's hard to kickstart it again.
SPQ still has a lot more time up their sleeve before that happens, but it's not advisable to tempt fate.
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Mkt cap ! $15.18M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $11.65K | 1.665M |
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No. | Vol. | Price($) |
---|---|---|
22 | 12064129 | 0.6¢ |
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Price($) | Vol. | No. |
---|---|---|
0.7¢ | 4705730 | 4 |
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No. | Vol. | Price($) |
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21 | 11564129 | 0.006 |
8 | 5663149 | 0.005 |
4 | 1089475 | 0.004 |
1 | 600000 | 0.003 |
2 | 1800000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 4705730 | 4 |
0.008 | 9238651 | 11 |
0.009 | 2786221 | 3 |
0.010 | 2238894 | 5 |
0.011 | 740000 | 2 |
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