I think that their problem is that a lot of the retail holders were set up well before the 64cent capital raising for EMC last year and have average buy prices even less than that. So at the moment they are really, in the main, only harassing instos and sophisticated investors that participated in the raise. Good luck to them.
So as you point out, the typical retail capitulation just isn't happening for them as a lot of retail holders are sitting on nice profits.
They would have to push it down to unrealistic levels of 64 cents and below to cause a stir, but the problem they will face is at these levels they will probably face a barrage of buying competition.
I feel very comfortable holding on through these silly shenanigans of constant trades of 1 share parcels.
Chart, page-472
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $124.3M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.5¢ | $14.26K | 123.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 46663 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 31271 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 46663 | 0.115 |
5 | 291167 | 0.110 |
2 | 240000 | 0.100 |
2 | 15111 | 0.099 |
1 | 5265 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 31271 | 1 |
0.130 | 121703 | 4 |
0.135 | 60000 | 1 |
0.140 | 56092 | 3 |
0.145 | 120000 | 3 |
Last trade - 14.33pm 18/07/2024 (20 minute delay) ? |
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