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2.86%

7.2¢ 4ds memory limited

I get taking the cash/profit thing.My experience shows the stock...

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342 Posts.

351

08/10/19

14:18

Post #: 40774556
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Originally posted by TouchingCloth72: ↑

I'm sure someone can provide a more technical answer, but I imagine that the stock rallied because of the initial excitement of the milestone being achieved, but as the morning wore on and reading the announcement in more detail and processing it, perhaps people thought they'd take a neat profit and jump back in a) once the details of the extension have been finalised or b) once 4DS approaches the next milestone. At the end of the day, there's still a chance that nothing will come of 4DS - so we can't knock people for recognising an opportunity to make some good cash in a couple of hours.

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I get taking the cash/profit thing.
My experience shows the stock peak ( 4ds and others) is normally on the second morning between 10.30 and 11.00. After an announcement.
Now if I was trading the stock, that would be my focus exit point.
It didn't get anywhere near there.
If I may guess, I bet a few day traders got hit hard by this not being the norm. The last traders would be getting out about now. The total daily volume of trade would be in decline.
What's other people's norm?

4DS Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.2¢		Change 0.002(2.86%)		Mkt cap ! $126.9M

Open	High	Low	Value	Volume
7.2¢	7.3¢	7.0¢	$52.67K	736.7K

Buyers (Bids)

No.	Vol.	Price($)
2	212589	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.3¢	16523	1

View Market Depth

No.	Vol.	Price($)
2	212589	0.072
8	494758	0.070
4	155000	0.069
4	285587	0.068
6	805792	0.067

Price($)	Vol.	No.
0.073	16523	1
0.074	20000	1
0.075	63480	2
0.076	41454	3
0.077	292946	3

Last trade - 15.58pm 09/09/2024 (20 minute delay)

4DS (ASX) Chart