It is nice to be a spectator, and I agree there would be some worried souls at GOR if the SP keeps rising.
It has always been said that the SP in DEG is retail driving the price and weak hands being picked up by insto's driving it down.
It would appear the opposite is also at work. Demand is picking up but retail is holding on for dear life. Only one way the price can go and that is up. If anyone wants DEG shares they have to pay for it.
With the low volume since coming into the ASX200 shark tank, with more insto's being able to dip in it is a whole new dynamic. It would take some getting used to, but very low volume of late indicates retail is interested in holding, which means any takeover will cost proper value.
Also to many good announcements coming to let go at this stage of the fight. Perfect storm to be honest.
My 2c's worth.
GLTAH
Chart - TA, page-2514
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Last
$1.38 |
Change
0.020(1.47%) |
Mkt cap ! $3.307B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.35 | $7.060M | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1452 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 125540 | 7 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DEG (ASX) Chart |