its not the frenzied buyers, its that stroke of genius BB. Its artificially propped up the price (on low liquidity) since the heavy nose bleed started. with only ~181m SOI - falling with every BB (about 50k a day!), theres very little liquidity.....theyve used that to their advantage well...
risky shorting (although in theory a no brainer), but plenty have ridden the rodeo (buy during the dump on FUM announcement day, wait for the SP to slowly grind on BB - rinse repeat). works a charm.
Overall trend is south, terminal at maybe "asset backed" ~$900m mkt cap ($5 p/s)? $300m buffer right now that will move with FUM. Heaven help what the next two FUM releases will reveal.....
its not the frenzied buyers, its that stroke of genius BB. Its...
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Last
$9.76 |
Change
-0.050(0.51%) |
Mkt cap ! $1.764B | |||
| Open | High | Low | Value | Volume |
| $9.63 | $9.77 | $9.63 | $2.785M | 286.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 928 | $9.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.77 | 2144 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |