One issue here is that where you used to be able to get a flip trade out of NXS simply by buying and re-q'g half a cent over the bid - with the bigger boys exiting the traders are now just sitting in the market watching the SP fall away from their ask/exit until we get a panic sell as someone drops 1m on the bid - and they're forced to take the loss.
Hence why the increasing buy/sell imbalance.
Without a decent trend breaking announcement we may just get more and more weight on the stock until... well who knows.
So it may be that NXS may not even be much of a trade now either.
God help holders if the OS markets start tanking too.
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One issue here is that where you used to be able to get a flip...
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.63M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 22.0¢ | $25.06K | 113.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1979 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 2441 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1979 | 0.220 |
2 | 37056 | 0.215 |
2 | 24100 | 0.210 |
2 | 44517 | 0.205 |
8 | 227250 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 2441 | 2 |
0.230 | 50000 | 1 |
0.235 | 19938 | 2 |
0.250 | 3501 | 2 |
0.270 | 6776 | 2 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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NXS (ASX) Chart |