Management are meant to provide growth for shareholders, yet they have just collectively shot us all in the foot.
In one foul swoop they have engineered a negative U turn on this stock.
This market is skittish as it is and it doesn't take much to kill the momentum.
If the DJIA falls tonight, then 18 cent gap will come into play. Further down is another gap at 14.5. Not saying 14.5 will happen, but if the players send it down, then some new entrants will sell / stop loss themselves out.
Personally I would like to see it hold 20.0, just not use if macro conditions won't play a hand here.
Management are meant to provide growth for shareholders, yet...
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Last
10.0¢ |
Change
-0.010(9.09%) |
Mkt cap ! $45.40M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $33.25K | 320K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 405001 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 70253 | 5 |
View Market Depth
| Last trade - 15.53pm 02/08/2024 (20 minute delay) ? |
| EGR (ASX) Chart |