Each to their own strategy, I don't have a problem with that.
This is likely true for how many holders are feeling and why most of the selling is coming from Commsec.
I personally never try time a stock as its so hard to pick the top and bottom.
Selling at 10c make sense if you it goes back towards 5c absolutely. But if it hits 9c and then bounces I am not interested in the potential 10% return when it could just as likely finish today back at 10c.
The stock has had a massive run and to churn a little at this level is healthy. For all the selling someone is buying.
Too dangerous to be out of this now is my view. But each plays their own game.
10x
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-23
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1.5¢ |
Change
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Mkt cap ! $16.89M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.5¢ | $58.04K | 3.697M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 823984 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 200000 | 2 |
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