And there’s the conundrum to your point, highT - one would think that if the market actually holds this belief that we’re seeing substantial pressure on BCB’s SP as a result of EOFY selling, that buyers wouldn’t hesitate to then pick up these supposed “cheap shares”.
You see, tax selling purposes is never disputed but is always relied upon as an excuse to justify a significant drop in company value around this time.
However, interestingly, even with the supposed belief that this is the excuse for the SP decline, there still seems to be an outweighing of sellers to buyers.
I accept wholeheartedly that there would absolutely be some selling for tax-loss purposes, especially with regards to BCB, but to observe nearly 40% of the company’s value wiped away in just 30 days…I’ll never be convinced, chart or no chart, that this should be considered “a given”.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.51M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $31.98K | 4.432M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
54 | 58355054 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 36100921 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
54 | 58355054 | 0.007 |
39 | 14043401 | 0.006 |
24 | 20082499 | 0.005 |
6 | 4075000 | 0.004 |
5 | 4882666 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 36100921 | 11 |
0.009 | 17099158 | 21 |
0.010 | 5711282 | 11 |
0.011 | 2371116 | 5 |
0.012 | 3621909 | 7 |
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