Traders will dump the stock on a breath. They get for a quick buck and if it doesn't move they dump regardless and take a loss if they have too.
I can appreciate everyone is here to make money, whether you trade on and off quickly or have a longer term view, but thats not the point here.
Imo traders do more harm than good.
If the company continues to make good decisions then price just follows accordingly. Its when trdaers play with stocks that all fundementals go out the door.
The sooner Pen gets to higher priced levels the less traders will want to play.
NK
Traders will dump the stock on a breath. They get for a quick...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |