...but I believe the sp is being held down to cultivate the exact feelings of dispair and disbelief in the sp that results in exhaustion selling.
I read recently that the length of time the SP is held artificially low by constant selling is directly proportional to the size of the up move because you simply cant have a bull market untill all sellers are exhausted.
The longer this price action goes on the moe I am convinced the move is going to be big. I will admit the article was referring to much larger cap and liquid stocks than MYG but I think it still applies.
Lets just hope the results come in strong.
...but I believe the sp is being held down to cultivate the...
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Last
88.5¢ |
Change
0.035(4.12%) |
Mkt cap ! $80.95M | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 97.5¢ | 86.5¢ | $70.09K | 78.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11299 | 88.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.5¢ | 2000 | 1 |
View Market Depth
| Last trade - 15.58pm 14/08/2024 (20 minute delay) ? |
| MYG (ASX) Chart |