At some point someone's going to look at this business at these levels and say I'll take the whole thing. To my knowledge, there hasn't been any selling from the main holders outside of Macquarie/Waterhouse VC so it seems it's mainly being walked down by algo trading (who remain totally in control) but at some time you'd think something's gotta give and the trend breaks.
I can't see the company chewing through all the cash and it going to zero. I've been watching markets daily for a long time and can't remember a stock behave like this for so long for a company actually generating revenue.
Perhaps NXT might be something similar (albeit short impact was nowhere nearly as long). Not shorted quite as much as BET, but a big increase in shorts (yellow line) impacted the price (grey line) for a while but eventually came back (without the shorters covering mind you).
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Last
9.1¢ |
Change
-0.002(2.15%) |
Mkt cap ! $87.82M |
Open | High | Low | Value | Volume |
9.3¢ | 9.3¢ | 8.8¢ | $121.7K | 1.349M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 50311 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.091 |
1 | 627454 | 0.090 |
1 | 43072 | 0.089 |
2 | 40000 | 0.088 |
1 | 13000 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 50311 | 1 |
0.093 | 95965 | 1 |
0.094 | 70513 | 1 |
0.095 | 204428 | 4 |
0.096 | 1151515 | 4 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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BET (ASX) Chart |