Yeah exactly. People forget so quickly what the initial reasons for the stock price rise was, and then when it drops they start coming up with unrelated theories as to why.
I honestly can't believe the amount of people in here screaming price manipulation by almost anyone they can think of, including Larry Diamond himself haha.
Whatever outlook built the price up, will bring it down if it's not fulfilled. So yeah, like you said, it's reflecting it's financials at the moment mainly. Plus a slight buff due to the people holding onto hope for announcements.
People aren't happy with a stock until it's made them a lot of money though, and it's obviously lost a bunch of people money coming down from 14 to now. So they come to vent I guess.
Chart - Z1P, page-6616
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Last
$1.24 |
Change
-0.020(1.59%) |
Mkt cap ! $1.392B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.28 | $1.21 | $9.007M | 7.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 395766 | 9 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
-0.020 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $1.26 | $1.28 | $1.21 | 1609549 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| ZIP (ASX) Chart |