The other thing that keeps the price in a band is that there is effectively the "Matt and Simon Put". Whenever the stock price goes rapidly down, Matt, Simon, or both will ride to the rescue. Like clockwork. Which is of course 100% about "showing faith in the amazing fundamentals of FLN"; nothing is a more convincing demonstration of faith in these fundamentals than expanding your holdings by 0.01% when the stock has a bad day.
However, day traders can benefit from the Matt and Simon Put, as it puts a limit on their downside risk. Study the 3Y history. Matt's ego can help fill your wallet.
Ann: 1H20 Results Presentation, page-104
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $78.91M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.5¢ | $27.93K | 155.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 88509 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FLN (ASX) Chart |