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Definition of 'Dead Cat Bounce'
A temporary recovery from a prolonged decline or bear market, after which the market continues to fall.
Investopedia Says
Investopedia explains 'Dead Cat Bounce'
Ever heard the saying, "Even a dead cat will bounce if dropped from high enough!"?
Read more: http://www.investopedia.com/terms/d/deadcatbounce.asp#ixzz1xdHXAdQz
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If the share price drops after this rise, which I believe it will, it will be defined as a "dead cat bounce", as per definitions above.
I will not be buying anytime soon as I anticipate that this is a "dead cat bounce" and that the SP will continue to fall.
------------------------------Definition of 'Dead Cat Bounce'A...
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Last
32.0¢ |
Change
0.005(1.59%) |
Mkt cap ! $465.4M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 32.5¢ | 31.0¢ | $743.7K | 2.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 251674 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 100642 | 7 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| IMM (ASX) Chart |