1MC 2.27% 4.3¢ morella corporation limited

disagree, large volume selling due to distress of a major holder...

  1. 3,740 Posts.
    lightbulb Created with Sketch. 106
    disagree, large volume selling due to distress of a major holder (independent of business) makes for a price/value mismatch. It might be bad news for short term traders (boo hoo my heart bleeds) but it makes for a serious opportunity for those seeking a long term gain. Really skilled technical traders might be able to exploit JRO’s thresholds for turning on the sell tap and then allowing recovery too. I’d contemplated a conditional buy/sell pairing at 11.5 and 13.5 to facilitate accumulation but decided that the risk of a block buyout of JRO or other left field surprise to upside meant too much risk of being left behind. Happy to accumulate until good/bad news dictates otherwise, back to feeling risk/benefit weighted very much to long side.
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
(20min delay)
Last
4.3¢
Change
-0.001(2.27%)
Mkt cap ! $10.62M
Open High Low Value Volume
4.4¢ 4.4¢ 4.3¢ $2.717K 63.06K

Buyers (Bids)

No. Vol. Price($)
1 143991 4.3¢
 

Sellers (Offers)

Price($) Vol. No.
4.4¢ 73555 2
View Market Depth
Last trade - 15.31pm 25/07/2024 (20 minute delay) ?
1MC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.