The market would have little idea of what is to come.
The problem is that the market wants instant results, and many short termers, etc. exit creating some downward pressure, and the fall becomes a self fulfilling prophecy.
Then, we have some longer term CYP bulls like you who are ready to buy at the perfect low price (very valid strategy and I'm definitely not criticising it) but then again, the fall becomes a self fulfilling prophecy.
The good thing is that we are a closely held company. And I just can't see existing holders and long termers like Massey, directors, blokes, etc. who have taken the pains to research the company, selling down into any fall. I'm also happy with the very low volume.
Seeing recent movements in the hot stocks that I mentioned is very reassuring because I know that just 1 licensing announcement changes everything. I don't think the director would be buying in the 90s unless he was confident of at least 1 deal, and 1 deal should be enough to have the price soaring.
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Last
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $48.78M |
Open | High | Low | Value | Volume |
27.5¢ | 28.5¢ | 26.5¢ | $71.17K | 257.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 145786 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 145786 | 0.270 |
3 | 12000 | 0.265 |
2 | 105000 | 0.260 |
3 | 14799 | 0.250 |
1 | 10000 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 15000 | 1 |
0.290 | 36000 | 1 |
0.295 | 25028 | 2 |
0.300 | 72500 | 2 |
0.305 | 29140 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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CYP (ASX) Chart |