There is a good reason the SP isn’t retreating, first, the volume is so low at the moment that you couldn’t off load a sizeable amount of shares even if you wanted to. Secondly, the SP is so low that if you did sell out now there is a 100% chance of making no recovery of your original investment, so may as well hang on to the bitter end and hope for the best.
Ann: Response to ASX Aware Query, page-127
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2.0¢ |
Change
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Mkt cap ! $18.04M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $12.00K | 600.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 972631 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 199783 | 1 |
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