"What is happening? I'm holding steady but my on paper profit of 60% is now 10%.
Can anyone explain to me?!"
@pink.dandelion,
It is basically impossible to know who is selling or buying on any given day/week/month, or why.
And that's part of the problem with companies that do not generate positive Cash Flows: the market finds it quite difficult to value them. The result is share price volatility.
We could all meet up next week and MSB's share price could be $3.40 again. Or even $4.00. Or $5.00. Conversely, it could just as well be $2.00.
Without any sort of valuation framework to tether the price (either higher or lower), the direction of the share price is difficult to predict/explain.
Calm before the storm ....?, page-96
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Last
$1.13 |
Change
0.035(3.21%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.13 | $1.07 | $3.910M | 3.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27197 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 43578 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MSB (ASX) Chart |