It comes down the same way it went up, on pure speculation. Underlying that there are the fundamentals of the Co. These I believe will set what will become the new norm, maybe around .11 or .12, until further contracts, or the next PR pump, which ever comes first.
I first bought on 16 Feb at .075. That was after the big spike on 1 Feb and subsequent spikes 7 and 8. Buying at the top of a spike or the top of the three day run we recently experienced is fraught with the potential for a retrace. I still believe that long term even .26 will seem cheap. But there is risk.
Happy holding, trading, or watching.
General Discussion, page-184
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Last
17.5¢ |
Change
-0.010(5.41%) |
Mkt cap ! $66.34M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 17.5¢ | $121.8K | 685.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 153895 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 93657 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| AL3 (ASX) Chart |