I feel you're far too rational here, all that needs to happen for the SP to drop significantly in one day is a surge of sellers overwhelming the buy support. I believe this will happen once the exercised options are converted and then sold by those who are just trading the trade as quite a majority of the registry is retail. A few stops get hit on the way too, such is the nature of the market.
Short term I believe the SP will drop and it'll give holders an opportunity to buy. Nothing goes up in a straight line.
I feel you're far too rational here, all that needs to happen...
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $63.40M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.0¢ | 3.8¢ | $89.44K | 2.326M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 736081 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 383989 | 2 |
View Market Depth
| Last trade - 15.25pm 06/09/2024 (20 minute delay) ? |
| LKE (ASX) Chart |