About Fridays sell off my thoughts.
The swift selling after the news suggests that traders and not new long term holders were merely monitoring the event, capitalizing on the short-term hype. These opportunistic traders have no loyalty to the stock or its long-term potential. They are mere mercenaries, seeking quick profits.
The absence of longer-term buyers might be a blessing in disguise. It means that the stock is not yet overvalued, and the hype has not become a self-sustaining bubble. When the dust settles, and the traders have taken their profits, the stock may be poised for a more sustainable rally.
DYOR
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.96M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 14.5¢ | $76.47K | 481.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 96716 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 60177 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 27165 | 0.155 |
3 | 52303 | 0.150 |
6 | 98049 | 0.145 |
11 | 459708 | 0.140 |
8 | 261824 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 60177 | 1 |
0.170 | 52500 | 2 |
0.175 | 234739 | 3 |
0.180 | 1383867 | 3 |
0.185 | 69568 | 1 |
Last trade - 15.12pm 07/10/2024 (20 minute delay) ? |
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