Ahh, to think some us LT SHs were only in January dreaming of 5c 8c 10c 12c to sell. Of course the market can be fickle, but really trade today is not even 1% of SOI. Yet in the past 3 weeks some 35% of MAY has changed hands on an rising SP. That indicates to me some serious buyers have taken a MT-LT position with MAY. The market movements today do not represent the majority sentiment or value - but yes it is a value in a point in time (if you want/need to sell - especially day traders).
The oil reserve that we know so far is in billions of barrels, pressure is much stronger than expected, flows are highly likely marry up with the 2 earlier readings and Sonangal wants to get production moving ASAP to meet increased refinery demand for crude at what should be excellent recovery with high NP, especially compared with offshore fields.
So I am just kicking back and waiting for the lowriders to leave the stage for the next progression onwards and upwards.
GLTAHs
Ahh, to think some us LT SHs were only in January dreaming of 5c...
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 (20min delay)
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Last
5.8¢ |
Change
-0.001(1.69%) |
Mkt cap ! $195.4M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.8¢ | 5.7¢ | $227.2K | 3.960M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 482500 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 120619 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
5.8¢ |
Change
-0.001 ( 2.54 %) |
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| Open | High | Low | Volume | ||
| 5.8¢ | 5.9¢ | 5.7¢ | 1432145 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| MAY (ASX) Chart |