A “fake out” - have you been reading "Investing for dummies" again MM. New word for the day?
It's not a fake, if you look at the selling I think it's a large(ish) shareholder trading out, who has been selling in blocks of 10 - 20K lots.
Currently it looks as he / she is happy to get out at around .60c. They have been for a while. Until this individual stops we will see more volatility and restrict the share price upside, until more good news comes in, if and when.
Again, this is the downside of tightly held stock with only IMO 100 - 150 million shares in floating stock. Its hard to know the top 50 SH to work out how many are holding stock. In any case, If a large holder wants out, this is what happens. I think management need to address this.
AIMO DYOR
A “fake out” - have you been reading "Investing for dummies"...
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Last
$1.11 |
Change
-0.050(4.31%) |
Mkt cap ! $249.2M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.11 | $353.0K | 312.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 307 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 1720 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| CYL (ASX) Chart |