CSS clean seas seafood limited

chart

  1. 5,904 Posts.
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    Interesting to have a look at the CSS chart.

    The very clear trend has been down for a long time, and if you look at the days/periods of a few days where the price is dropping most heavily, there is greatly increased volume. To me, this looks like more and more long term faithfuls are waking up and dumping their stock. The fundamentals explain why. What interests me about this is that the selling doesn't always correlate with news/announcements.

    What does surprise me is that there seem to be buyers willing to take on stock at prices along a fairly linear trend. With that trend so consistently down, I can't understand why anyone would want to do such a thing. The selling side makes sense (although I can't understand why it is taking so long - blind Freddy's blind dog could see what was going to happen months in advance, so why wouldn't it have happened sooner?) but the buying side... who is buying?

    This is the sort of reason I enjoy watching this sort of company. There are some aspects of it which are totally obvious, which make some of the other aspects more interesting and/or easier to understand and/or useful as learning tools.

    Anyone care to comment?

    The trend is still quite linear and very strong. Any guesses as to where it will flatten out? The current trend clearly can not continue for more than 4-5 months (because that's where it hits zero). Will it stabilise somewhere above there, or will it go to $0.001 and sit there until an administrator is appointed? It wouldn't be surprising if it happens just like that and CSS goes into administration around 4-5 months from now.

    With such an incredibly obvious trend and fundamentals to match, I just can't understand anyone not selling, or anyone buying.

    For over two years (since February 26 2010) I have been saying this one is an incredibly obvious sell and I would be utterly thrilled to find a company which was as obvious a buy. I don't expect that ever to happen. Actually, I'm not sure I'll find another negative case this obvious.
 
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(20min delay)
Last
13.5¢
Change
0.000(0.00%)
Mkt cap ! $28.28M
Open High Low Value Volume
13.5¢ 13.8¢ 13.5¢ $24.89K 182.3K

Buyers (Bids)

No. Vol. Price($)
8 996506 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 317638 14
View Market Depth
Last trade - 16.10pm 16/07/2025 (20 minute delay) ?
CSS (ASX) Chart
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