I am a $6 figure holder of CXO for a long time and believe in the company, not so much the management.
If anyone thinks this downward trend this week is due to Tax selling needs their head read.
If anyone thinks this is a traders dream stock unless using in excess of $200k....again needs their head read.
If you think you can make great returns on a stock that continually sits in the top 10 most shorted stocks then you need your head read.
If you think the shorter's will disappear then again you need your head read
If you look at the number of trades on CXO over the last 12 months you can see the pattern of trades declining......this is showing a lost of appetite for this business in the market and why wouldn't it? a shorter's dream and radio silence from management would clearly mean you would need your head read to invest in this business at present
Yes i'm frustrated along with many but as i've always thought, theres no use having the fastest car on race day if you don't have the driver to drive it. CXO has the ability to be up the top but i strongly believe we have a few key people in the wrong chairs at the top and until things change in that top line this business will continue to under achieve in the market and continually be held back with huge volumes of shorted shares.
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Last
10.0¢ |
Change
0.012(13.6%) |
Mkt cap ! $213.6M |
Open | High | Low | Value | Volume |
8.8¢ | 10.5¢ | 8.8¢ | $3.413M | 34.89M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1613594 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 5907724 | 76 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1613594 | 0.100 |
5 | 466791 | 0.098 |
6 | 515515 | 0.097 |
5 | 464885 | 0.096 |
7 | 720911 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 5907724 | 76 |
0.110 | 2351581 | 40 |
0.115 | 1214895 | 25 |
0.120 | 1500747 | 22 |
0.125 | 928935 | 21 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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