OAK 1.43% 7.1¢ oakridge international limited

Exactly. The problem is there are numerous situations. And in...

  1. 4,703 Posts.
    lightbulb Created with Sketch. 196
    Exactly. The problem is there are numerous situations. And in terms of protecting what capital you have left (not much now) people have to make a choice on a probability basis. Alot of us could be wrong and we'll be kicking ourselves if this doubles back... but on what you know (well don't know technically) there's a chance that the force and volume here alludes to something far worse. No one knows so its up to each person to make a decision and hope its right. Judging by the fact that we've reached 250million volume before lunch time (western time) is very concerning. The heights o fpushing up towards 8c,9c days did not even reach close to 300million volume.

    Even if you are right about the snowball effect, one has to also take into account how the recent volume and share price plunge will affect buying in the weeks to come. Short of a ground breaking deal/announcement, the buy side is going to be alot different to what it was a month or so ago. Many burnt holders will also have a distinct effect on the trading patterns of the stock as it rises back up (if it does) as people sell out at higher prices to recoup some losses or on fear its a mere dead cat bounce.

    Just so many factors to take into account.... you certainly would prefer the graph/trading pattern shown on the way up to 10c than now. Confidence may never reach the same level is one worry.
 
watchlist Created with Sketch. Add OAK (ASX) to my watchlist
(20min delay)
Last
7.1¢
Change
0.001(1.43%)
Mkt cap ! $1.917M
Open High Low Value Volume
7.1¢ 7.1¢ 7.1¢ $25 348

Buyers (Bids)

No. Vol. Price($)
1 29911 7.0¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 182500 1
View Market Depth
Last trade - 12.01pm 28/06/2024 (20 minute delay) ?
OAK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.