the reasons are the same as any stock they gamble on and lose on, hold a grudge.
some do exactly the same thing on companies that have been used as a shell and have complete new management/directors.
you will see them appear on a down day because punters are wondering why the stock dropped and listen to the detractors.
yes in the past SBR were more like a lifestyle company, like others who run mining companies when they are accountants etc
maybe the ASX has clamped down so now they have an actual geologist running it.
why doesn't this or others rise enough when there is obvious promise? Why do some fall on promising announcements?
when they do a CR many just buy the CR for a gain and quicker the better, when another CR comes along they sell to pay for new one.
so on Tuesday we seen a large seller on both heads and SBROB at same time, and either picked the day of ann cause of good volume or
Just guessing on this but it points to a CR participant.
when a large seller cashes in it scares others into selling,
that is why a stock with good turnover is important to move them on, when there is not many left the stock has less resistance and can move up easier.
I think most who want out at a couple of pips are out, or hope so.
all my views
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the reasons are the same as any stock they gamble on and lose...
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Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $6.362M |
Open | High | Low | Value | Volume |
1.6¢ | 1.7¢ | 1.5¢ | $8.774K | 550.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 37631 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.016 |
5 | 1049228 | 0.015 |
1 | 66733 | 0.014 |
1 | 100000 | 0.013 |
2 | 290000 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 37631 | 1 |
0.019 | 41429 | 2 |
0.020 | 625000 | 1 |
0.021 | 907008 | 2 |
0.022 | 100000 | 1 |
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