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Riddle me this SP went from 1.35 to 2.03 on day of major...

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Siva108

8,771 Posts.

581

15/02/22

19:56

Post #: 59592115
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Originally posted by agnusbeans: ↑

I personally don’t see the problem. This forum needs some chill. Note that users like cari and geo aren’t here commenting and shitting their pants; as their reasons for the investing are unchanged.

The share price fell from 1.75 on the 18th of jan to 1.39 on the 25th; a 21% drop over a week. The share price fell from 1.57 on the 4th of jan to 1.25 on the 12th of jan; a 20% drop over a week. After all of these drops we witnessed a massive leg up.

The share price has now fallen from 2.03 on the 4th of feb to 1.4 on the 15th of feb; a 31% drop in over a week.

Point being, who cares!!! Nothing has changed. Traders will have made a quick buck and sold. Long term invested may be cashing out 500% gains (congrats to you as this is massive regardless). Investments don’t go in a straight line; as we have seen 2 times prior to 50+% gains. Unless their is a very unlikely leak or something we are all missing in the recent announcement, nothing has changed.

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Riddle me this SP went from 1.35 to 2.03 on day of major discovery Ann which was a 50% rise. On that basis surely the fall.in SP is the same? So nearly 50% drop to 1.40. Either way holders shafted by greedy sophs nd dodgy snakey brokers...

CNB Price at posting: $1.40 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 52.0¢		Change -0.030(5.45%)		Mkt cap ! $91.98M

Open	High	Low	Value	Volume
54.0¢	54.0¢	52.0¢	$58.42K	110.8K

Buyers (Bids)

No.	Vol.	Price($)
5	31071	52.0¢

Sellers (Offers)

Price($)	Vol.	No.
52.5¢	1737	2

View Market Depth

No.	Vol.	Price($)
5	31238	0.520
2	5530	0.515
3	7500	0.510
1	1500	0.505
3	13000	0.500

Price($)	Vol.	No.
0.525	1737	2
0.530	5757	2
0.535	4217	2
0.540	819	1
0.545	5504	1

Last trade - 13.30pm 25/07/2024 (20 minute delay)

CNB (ASX) Chart