Yep, just a tickle into 0.6, capitulation, and fear. = opportunity.
When they are flushed out, those CR flippers, can no longer influence the price.
Nothing has changed long term, and the ops were trading at 1.2-1.6c when the heads were at 8-9c.
All that you have since then, is an improved quarterly revenues, expansion continues, and then an oversupply of CR flippers.
8.5c CR plus free option. = 7.7c + 0.8c break even. Simple math.
The outlook of the leverage buyer, is different to the price mechanism of a capital return seller.
One is in control of the price action today, typically the other will be when the former have vacated the building.
Yep, just a tickle into 0.6, capitulation, and fear. =...
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Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $7.559M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.8¢ | $159.7K | 2.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8582 | 6.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 14200 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
-0.001 ( 1.43 %) |
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| Open | High | Low | Volume | ||
| 6.9¢ | 7.0¢ | 6.9¢ | 206338 | ||
| Last updated 15.48pm 24/05/2024 ? | |||||
| OSX (ASX) Chart |