I agree it has a long way to go.
However there is no indication that that there is a build up of people waiting to sell off. The daily trading volume as been tiny for a whole year now, which suggests nobody is buying or selling. Also, you could send the SP to 0.02 with about $60K, which is nothing.
Now I understand that you yourself got tired and sold off, but this does not mean everyone else is doing the same.
The slow decline in the SP on small trading volumes we observe happens to so many spec stocks you could almost call it a theorem. Remember it only takes a single piece of positive news to increase trading volumes and cause a permanent re-rate.
Patience is the key here and you can always re-enter at a great price @andynml
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I agree it has a long way to go. However there is no indication...
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $27.57M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $108.5K | 8.458M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 13577678 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 416666 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 13577678 | 0.012 |
13 | 17300210 | 0.011 |
7 | 8202012 | 0.010 |
8 | 5597422 | 0.009 |
12 | 4711871 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 416666 | 1 |
0.014 | 11547937 | 15 |
0.015 | 5015065 | 6 |
0.016 | 9445356 | 10 |
0.017 | 3163079 | 5 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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PIL (ASX) Chart |