They did over 13 mill today and that says plenty want out of the stock, including those that have some big holdings.
I think 13 mill is the second largest daily turnover. It was steadily sold down all day after opening lower. The large gap on close tells me there is more selling to come.
As I said my guess is a problem in the Company like cash supply, or other bad news in the pipeline. Simply "oversold" is not right for this high volume dumping of the stock. More than oversold, it was down 15%!
That's being crunched in my books.
Monday will tell as you say. Anyway I was a seller today, as I expect lower prices later.
They did over 13 mill today and that says plenty want out of the...
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Last
$6.83 |
Change
-0.050(0.73%) |
Mkt cap ! $4.720B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.85 | $6.70 | $6.019M | 883.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23338 | $6.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 6685 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CGF (ASX) Chart |