On joining the forum I noted many days of intra-day pumping and dumping
A stock which has attractive fundamentals in prospect is particularly open to unfulfilled hopes in the short term.
In the absence of good news on a very regular basis stock manipulation based on unrealised hopes and fears is easier.
The wait for good news provided a perfect opportunity for possible unverified manipulation?
Today could have been based on any one, or more than one, of the following :-
1. Insider knowledge of less than optimal news in the pipeline?
2. Trader activity including possible manipulation?
3. Short-term overpricing?
It is hard to know which is the more important, but if the first can be excluded (who knows?),
then number 2 and 3 carry a greater degree of likelihood?
Faith and hope are good, but facts will decide the outcome.
Number three is very much a question of how you assign a present value to future prospects.
Certainty that things will be good in the future is fine up to a point, but a rising stock price needs more than hopes.
Clarification from the company may encourage or discourage?
Who really knows outside directors and senior officers?
I am interested to see current reliable forecasts.
My position remains Buy and Hold, based on a general view of the value of scarce resources, but I could be wrong.
I admit that my own lack of in depth research limits the extent of my optimism, until more is known.
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Last
58.0¢ |
Change
-0.055(8.66%) |
Mkt cap ! $105.1M |
Open | High | Low | Value | Volume |
67.0¢ | 67.5¢ | 57.5¢ | $194.4K | 321.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2942 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.0¢ | 16900 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1614 | 0.580 |
3 | 33179 | 0.560 |
4 | 54763 | 0.550 |
2 | 35000 | 0.540 |
1 | 5610 | 0.530 |
Price($) | Vol. | No. |
---|---|---|
0.590 | 16900 | 1 |
0.595 | 9479 | 1 |
0.695 | 4920 | 2 |
0.700 | 22977 | 5 |
0.705 | 710 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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ASM (ASX) Chart |