Unfortunately this is a bear market and in bear markets shorts make money betting on the way down. It's frustrating but IMO only a TO, or at least a rejection of a TO (like LTR), will move the SP to a normal level ATM.
With so much instability globally and in the USA in particular (IMO the result of electing a left wing Marxist ideology) we just have to wait. This has been/is a rather protracted bear market but a bull market will return at some point. I do not think anyone here would even imagine that in 2 years let alone 5 we will still be $1 right?
Unfortunately this is a bear market and in bear markets shorts...
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Last
9.1¢ |
Change
0.003(3.41%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 8.8¢ | 9.2¢ | 8.8¢ | $1.039M | 11.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 81119 | 9.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.1¢ | 1626537 | 18 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |