You are just looking for a silver lining and someone to blame for your current predicament.
It is a combination of company promotion and shareholder naivety.
STX promoted a potential "Asset of Worth".
It ended up being a "Worthless Asset".
In your exuberance, you factored this potential success into the share price, and it failed spectacularly.
Macquarie is now factoring in a fairly healthy risk factor, quite sensibly.
You are going to be patient, and wait until the risk is mitigated.
And another thing, the shorters are your friends.
IMO. J L.
Short squeeze party thread, page-246
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Last
20.0¢ |
Change
0.035(21.2%) |
Mkt cap ! $573.0M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 20.0¢ | 17.8¢ | $5.012M | 26.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 435841 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 2021336 | 30 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |