It could be both.
As I type this, the share price is up 18 cents, or around 7.5%, on yesterday's close. 29 cents, or around 10%, on Tuesday's close. It wouldn't surprise me to see people who jumped in at around 2.25 (14+% rise) taking some profits.
There could very well be a lot of short covering coming up, which will push it up higher - I'd like to see information on just how many shares are out there that were sold short and still haven't been covered (not sure where to look for that information; I don't really care that much, since I'm in it for the long haul.)
Expect dips and rises; I expect to see the rises - in the long term - to be greater than the dips, but the ride will be rough, especially in the short term. I'm hopeful that we've seen the bottom, though.
how low will it go?, page-69
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Last
$10.24 |
Change
0.330(3.33%) |
Mkt cap ! $3.061B | |||
| Open | High | Low | Value | Volume |
| $10.15 | $10.29 | $10.09 | $20.01M | 1.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $10.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.24 | 120 | 1 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |