Share price bleeds lower (pattern recognition / history as a guide). If market knows its going to bleed lower for a prolonged time then they wont be interested in buying. Thorn Group (TGA) had a similar history with a value fund manager holding a while thinking its undervalued then selling out in disgust years later with a terrible rate of return.....
Maybe I am wrong on this opinion
Ann: Change in substantial holding, page-8
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Last
11.0¢ |
Change
-0.010(8.33%) |
Mkt cap ! $92.00M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $20.12K | 174.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 903318 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 261174 | 4 |
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| MME (ASX) Chart |