Great post dakook. I totally agree with you
The selling today was some longterm holders who panicked when the share price did not hit $30 overnight in the US. The other sellers were day traders who bought on Friday with all the hype hoping to make 100% in 3 days before they had to pay for their stock. That is why the big drop. All the T+3 traders on Friday had to sell today to avoid paying for the stock because they didn't have the funds in the first place. They will buy back tomorrow, pushing us up, and then have to sell by Friday and the cycle goes on and on. The only way their plan is thwarted is if people set a sale price and refuse to sell below that amount
a bit of perspective....please., page-3
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $493.8M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 33.0¢ | $1.220M | 3.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57289 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 52306 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |