This correction is unlikely to last from what im reading. China playing games with iron ore and evergrande wont last for ever. They cant get by without iron ore and that's distorting our index. Evercrap will get sorted as the communists wont want it all to go pear shaped. Its called politics and a warning shot to other developers. The reds own the banking system anyway. There has been some buy the dips underway here today and a bounce in the futures. Its not to say its over but the money has to go somewhere. I think LIS is unique and any market weakness will just allow the larger buyers to get cheaper stock. The larger global trend wont be changing because of any of this crap. I reckon this will open strongly, and then do the soak into a good price range within days of listing. Tapering will get pushed back by the sounds of things and the printing press keeps on turning for ever. Short term market farts shouldn't make decisions go out the window unless things escalate beyond silliness but i doubt the reds will want that. dyor
ASX Listing info for Li-S, page-20
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $83.22M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 13.0¢ | $2.274K | 17.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 97033 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 101711 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 94049 | 0.130 |
8 | 164898 | 0.125 |
12 | 201166 | 0.120 |
1 | 15000 | 0.115 |
4 | 310194 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 95711 | 2 |
0.145 | 144753 | 2 |
0.150 | 40636 | 5 |
0.155 | 11971 | 2 |
0.160 | 80000 | 2 |
Last trade - 15.43pm 11/09/2024 (20 minute delay) ? |
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LIS (ASX) Chart |