There has been very little volume traded under 50c - LIS has dripped down on next to nothing for months. If someone built a position under 38c to bail today, that would be pretty amusing.
Go look at today's tape - it's all scalpers selling the same shares to each other repeatedly - miniature profit-taking!
You are right that it might finish under 30c as all the useless traders are probably stuck long and will have to bite it.
It's the same candle again and again on the ASX after "news" - massive upper wick on what looks like big volume - but it's all a BS.
There has been very little volume traded under 50c - LIS has...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $83.22M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.3¢ | 12.0¢ | $56.11K | 450.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 84633 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 130000 | 2 |
View Market Depth
| Last trade - 15.57pm 04/06/2024 (20 minute delay) ? |
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Last
13.0¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 13.0¢ | 13.0¢ | 12.0¢ | 234544 | ||
| Last updated 15.52pm 04/06/2024 ? | |||||
| LIS (ASX) Chart |