In my post on Monday 31st at 12.12pm I predicted that the prolonged dumping into BUY orders by presumably Regal would drive the SP down to 10c. That happened regularly yesterday before a final unloading at 3.31pm (when the SP had recovered to 10.5cents) saw the SP close at 9.5 cents.
This morning as soon as Buy orders reached 9.9 cents the dumping resumed at 10.07.58am and there have been at least a dozen sales that I believe I have identified since, the most recent being at 11.35.47am.
These have progressively driven the SP down to 9.3 cents.
The pace this morning has been quite frenetic and the volumes in each "dump" as little as a 100k at a time compared to the 500k two days ago.
You would reckon that quite soon buyers will just stay away if the future is an ever decreasing SP. Then presumably Regal (or whoever) will let the SP recover to a decent level and the start the shorting process all over again.
In my post on Monday 31st at 12.12pm I predicted that the...
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $69.99M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $13.66K | 1.718M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 36097279 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 15478519 | 11 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| BCB (ASX) Chart |