Not sure if this is another EMC poster attempting to flame or bait but I'll give you the benefit of the doubt.
Shorts starting to take a position in EMC:
Source http://www.shortman.com.au/stock?q=emc
Comparison of two charts with similar market cap.. EMC (blue) reported revenue of $425k, yellow (not mentioned due to cross promoting) reported revenue of $30m and growing rapidly:
Similar pattern, market moving away from the banks etc due to poor reporting season.
The difference, EMC is overpriced based on current revenue.
Note the yellow one was overpriced on potential at one stage and came back off it's highs by 60%.
DYOR outside HotCopper.
EMC Chart, page-183
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 (20min delay)
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $135.1M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 11.5¢ | $8.129K | 69.42K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 175663 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 50000 | 1 |
View Market Depth
| Last trade - 13.21pm 11/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |