ZNO 0.00% 2.5¢ zoono group limited

I struggle to see the real world care for a price being up or...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 161 Posts.
    lightbulb Created with Sketch. 142
    I struggle to see the real world care for a price being up or down 0.5c due to some automated trading for such a small cap stock at such minor volumes? How does it matter at all? For larger cap stocks where you can buy on margin I can understand the market price having a more substantial impact on a select few as they try and avoid margin calls, but I doubt that is an issue for anyone owning Zoono.

    People get way too worried about the market price on a day to day basis in my opinion where the focus should be on what the hell is the business doing good, bad and ugly. For Zoono the latter two are the issue. If the intent is to pat yourself on the back each day it is green and curse yourself each day its red, given as an individual we have zero control of the market price, you are sending yourself to an early grave for zero benefit. If a substantial over normal trading volumes occur, sure it can be an indication of what someone else is thinking, some may even say it an indication of someone maybe being in the know, but ultimately it shouldnt influence your hypothesis on the company all that much until actual data turns up.

    For Zoono from memory throughout FY2022 if the price went up prior to the quarterly cashflow results, they were normally junk results that sent the price crashing (again I havent re-checked, it was from memory when I owned it). My theory on that then was it was just speculators just having a lash in the hope of making a quick buck, more than anyone in the know, hoping that the results will be better than anticipated, which were then proven to be incorrect.

    I would be interested to hear the alternative opinion on why it matters.
 
watchlist Created with Sketch. Add ZNO (ASX) to my watchlist
(20min delay)
Last
2.5¢
Change
0.000(0.00%)
Mkt cap ! $8.885M
Open High Low Value Volume
2.5¢ 2.5¢ 2.5¢ $973 38.92K

Buyers (Bids)

No. Vol. Price($)
2 172025 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 10000 1
View Market Depth
Last trade - 10.09am 06/11/2024 (20 minute delay) ?
ZNO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.