I think we are seeing what is not there, and what’s actually there we are not seeing. No apparent reason for a drop from $1.20 to 73c, if Q1 was not good, why it appreciated 25% in a day. Furthermore a guidance was reconfirmed and contracts were won after guidance confirmation. I sense no bad news, it is just a tactic to buy your shares cheap, look for a quick reversal before the Q2 report or even a TO or merger.
Apparently looking at a order book, buying $100k worth of shares can quickly bounce a price to 90c plus. So, $100k can change a mar cap in multi millions. I will be worried if there is a large volume sell with a negative news, not a case here.
I think we are seeing what is not there, and what’s actually...
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Last
$1.56 |
Change
-0.030(1.89%) |
Mkt cap ! $413.8M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.58 | $1.55 | $2.778K | 1.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6500 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 3904 | 2 |
View Market Depth
| Last trade - 10.02am 08/05/2024 (20 minute delay) ? |
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Last
$1.55 |
Change
-0.030 ( 1.84 %) |
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| Open | High | Low | Volume | ||
| $1.56 | $1.56 | $1.55 | 878 | ||
| Last updated 10.11am 08/05/2024 ? | |||||
| CAT (ASX) Chart |