Yes, very weird trading going on.
On the one side there is a big seller, looking like having infinite supply, and bent on trashing the SP - looks like with a vengeance. Someone mentioned about a disgruntled holder, but to me the sell volume and intensity seems more than one entity. Also don't know history - comment around not making MD, so not sure what that means.
Then we have this director who has bought around $500k shares in last couple of months. Still buying even when selling is happening.
Still does not really explain, at least to me, what is happening.
Personally for today, I held to my shares, but not with much conviction. I am break even now (initial buy 35/sell 37.5, then buy 33.5). Many times I was tempted to get out today as I felt that it may be better for this sell saga to finish first, but held for now. One reason is that 31c as I had written in my first post is 61.8 fib drop from 83c, some chartists play for levels - and 31c was touched today. But that's my last straw, else I may get out at near even position and re-assess. If I was a long term holder, I may have held, knowing the story better.
Any way lets, 31 or say 30 holds or not. I have a feeling an attempt may still be made - but after so many days chances of running out of steam is there. There is always an outside chance of some not so good news somewhere, even though probability may not be high, it should not be ruled out. All the best.
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Last
17.5¢ |
Change
0.030(20.7%) |
Mkt cap ! $23.69M |
Open | High | Low | Value | Volume |
14.5¢ | 17.5¢ | 14.0¢ | $219.7K | 1.392M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12758 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 87322 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12758 | 0.170 |
2 | 75000 | 0.160 |
2 | 81341 | 0.155 |
2 | 54446 | 0.150 |
2 | 70001 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 87322 | 3 |
0.180 | 167787 | 5 |
0.185 | 2757 | 1 |
0.200 | 65000 | 2 |
0.205 | 25445 | 2 |
Last trade - 15.43pm 02/10/2024 (20 minute delay) ? |
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