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12/04/24
13:28
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Originally posted by smsman:
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The sale of one share just put the price down to 11c, now down over 8% for the day. IMO until we break away from this 10-15c range where 0.5c increments are relatively large % changes, punters are staying away because it looks scary if you buy at 12 and suddenly you are 8% down. That's why we need news. I suspect a lot of large holders are pretty well set and will add when things start moving. For me, although the $ drop in my holdings looks pretty scary, this is the time when I can pick up a few more cheap shares and ride on the coat tails of the buying to come. Could I have 100k more please?
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I wouldnt worry about that too much the sell side is thinning, if that can keep up the time is ripe for a decent move.