1. LT investors are already in and aren't buying anymore or not much.
2. New LT investors have to be convinced that SSN is the real LT deal which requires to do some homework - but who is spending time to do that in the current market ?
3. Daytraders only love stocks which move, SSN hasn't got anything to offer to be excited about on a daily basis, only LT, therefore DT aren't here atm.
4. So, no buyers means sellers get nervous, snowball effect comes into play and BANG, sp is at 5c.
But here is the good news. There are still some smart people / companies out there who are able to do the maths. Won't take long and she is gone. I repeat, T/O at 8 - 10c before the end of November if sp stays below 6c.
The ASX- daily traders, who determine the sp, are not the market who values a company correctly. They've got no idea, just moving a sp in any direction to make some profit.
Just look at the daily biggest movers and you can see that the " Market " has no idea to put a justified sp on any stock.
The real market are brokers, analysts and the big players who know the specific stock environment and can assess the short term future. They will act when they think SSN is a bargain, which we all believe, it is already.
SSN Price at posting:
5.8¢ Sentiment: LT Buy Disclosure: Held
