KRR 11.1% 1.0¢ king river resources limited

session, ""For instance someone sells into the bid at 9c to wipe...

  1. 5,814 Posts.
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    session,

    ""For instance someone sells into the bid at 9c to wipe it out, and 3 seconds later a 1 share transaction goes through to take the SP to 8.9. Rinse and repeat over the course of the day, where there is minimal buying interest from the market and you end up with a chart as posted above""

    One cannot argue with this statement.

    However, it's shareholders who will ultimately decide if the share price goes up or down. If they decide to sell their stock at these prices during a time when there is not much support then the share price will obviously come under pressure.
    And if they choose to sell at these levels then they obviously bought into KRC for the wrong reasons.
    The current share price does not reflect the underlying value that KRC is worth and I would imagine that will be made more clearer over the coming weeks when the market will digest news to give everyone a clearer picture of just how undervalued KRC is. It's amazing how quickly investors and shareholders forget past announcements and reports . The market is full of traders and opportunists who are mainly concerned with a quick score. Take it and run so to speak. Those that make the most money are those that get onto the right story and are prepared to hold .
    Those that are selling now will be asking themselves perhaps they should have done a little bit more research before buying and then selling their stock at current levels.
    Unfortunately ignorance is no excuse when choosing to invest in the sharemarket.
    Sometimes the hardest thing to do for many investors is to buy and hold. Warren Buffet made an absolute fortune by doing just that.


    Cheers.
 
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Last
1.0¢
Change
0.001(11.1%)
Mkt cap ! $15.28M
Open High Low Value Volume
0.9¢ 1.0¢ 0.9¢ $7.67K 776.8K

Buyers (Bids)

No. Vol. Price($)
19 5312141 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 536700 2
View Market Depth
Last trade - 15.37pm 08/11/2024 (20 minute delay) ?
KRR (ASX) Chart
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