People could sell for a range of reasons in a market like this.
Perhaps they have a margin call on either ARX or another stock forcing them to sell. The market is heavily discounting any loss making company.
My advice for what it is worth (probably zilch) is if you brought ARX for the medium to long term investment and you don't need to sell, hold tight. Put your shares in your bottom draw and as hard as it is don't look at the price every day, effectively removing the temptation to sell.
Nothing fundamental has changed within the company. ARX have no debt and enough cash to get them to profitability.
Just like Win8, I am not tempted to sell and may buy more to lower my average price. The 3rd Q numbers will be out this week.
Good luck to all holders
People could sell for a range of reasons in a market like...
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Last
51.0¢ |
Change
0.010(2.00%) |
Mkt cap ! $175.5M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 53.5¢ | 49.0¢ | $51.73K | 103.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 8870 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
50.0¢ |
Change
0.010 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 52.5¢ | 53.5¢ | 48.5¢ | 60919 | ||
| Last updated 15.32pm 26/04/2024 ? | |||||
| ARX (ASX) Chart |