The straight up greed of the 4 big banks and other companies ( such as electricity & gas), combined with the Reserve Bank of Aus trying to control the interest rate @1.5 for 22 months are just some of the reasons why the Aud is so low.
When something like last week happens to any stock, personally I call it a "cascading stop-loss". Much like a computer having multiple errors, which result in an all out failure in the system/SP.
Too many people have unwittingly "clustered" or "laddered" their stop losses. Resulting in a snow ball effect.
That's why potential buyers need to wait for some consolidation.
The straight up greed of the 4 big banks and other companies (...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.53M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $48.23K | 4.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 6194110 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1398799 | 8 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| KRR (ASX) Chart |