Honestly, I hate comments like this, just sounds eerily similar to 'its being manipulated' or 'its the shorters' everytime a stock goes down.
Not sure why anyone is tip toeing around it?
They released a relatively concerning 4c showing massive cash burn, sure they claim they were one off expenses. But what if the next quarter brings more one off expenses? Suddenly you need a CR. They also flagged an incoming tax credit or something but who knows? So expectedly we've had a massive sell off, whether it is an overreaction I am not sure, then you have people probably being stopped out after entering recently or taking an L as well as possibly taking profits considering it went up like 300% in just a couple of months, throw in some general negative sentiment in the stock market and bam DXB is down another 5% (is that 25% since the 4c?).
Personally I am pretty close to stopping out of this one. I am not losing sleep over it but it would want to hold 43/43.5 IMO. Break that and I suspect it is going into the 30s.
But sure, it is being "controlled" and "accumulated".
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Last
39.0¢ |
Change
-0.015(3.70%) |
Mkt cap ! $217.5M |
Open | High | Low | Value | Volume |
40.5¢ | 40.5¢ | 38.5¢ | $313.0K | 797.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 161047 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.5¢ | 29357 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 161047 | 0.390 |
6 | 34788 | 0.385 |
6 | 108931 | 0.380 |
5 | 265000 | 0.375 |
13 | 306035 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 29357 | 2 |
0.400 | 26528 | 4 |
0.405 | 102993 | 4 |
0.410 | 94999 | 4 |
0.415 | 100000 | 1 |
Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
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