Interesting day.
The coronovirus will ensure there will be more days like this, but we had (some of us) been expecting pullbacks of 30% or so in the absence of news, because there is still no revenue and possibly not any for another 12 months or so.
The shorters see stocks like PAR as game.
What the coronovirus also means is there is plenty of other game around.
What was interesting for me was the sharp clawback from 2.53 up to 2.93.
At the close there is an 8c gap to sellers, which means LTH are inclined to hold.
What that may also mean, is the clawback by PAR is not so attractive as other game for shorters.
2.53 looks like a new (temporary) floor.
We shall see.
Not predicting, just suggesting explanation for today. All IMO. DYOR.
Chart, page-256
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $66.54M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.0¢ | $203.4K | 1.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 387930 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 65468 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PAR (ASX) Chart |