From 16 July or so, to today I feel gives a major reason for this drop. Click "Y" =========>
Look at the folks that bought (I don't know about instos), from $0.25 to +$0.70. First speculators locked in their profits. Good for you! They were followed by weak hands, latecomers, the impatient, and the fickle some of whom buy any ASX flavour du jour.
IF my premise has any worth then that's a BIG part of the drop; NOT fundamentals. I believe the fundamentals are sound and clearly point to WORLD DOMINATION!!!! (haha, not that bullish). Haha aside, my strategy remains, BTFD.
Yes, I'm bullish; yes, CYP management need a nudge; yes, I'm planning a BUY, and; yes, I could be very wrong.
Enjoy the weekend!
OV
CYP BTFD, page-3
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $37.91M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.5¢ | $4.812K | 23.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2487 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 13817 | 3 |
View Market Depth
| Last trade - 10.42am 19/08/2024 (20 minute delay) ? |
| CYP (ASX) Chart |