Col
the shorters aren't stupid. That last shake out nearly killed all damand for this dog imho. It was only the pure gamblers and not many of those.
Even now most of these trades are really bots. There has not been much true demand on both sides for a while now.
The shithouse shorters need some demand or else the system can't work.
They need to be able to unload onto to idiots same as they require idiots to sell.
The shorters need to be very careful as I think if demand falls too low no body wins.
This will just be another shakeout and then they let run to the high 40's again. If they don't then this stock is all but dead until profit IMHO.
This is not stock advice its my opinion. FWIW
The HFT system will start to collapse eventually as the instigators will start ripping each other off because there won't be any idiots left.
Don't sell and don't buy. Simple they have nothing to feed on.
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B |
Open | High | Low | Value | Volume |
$6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | $6.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.25 | 53073 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | 6.220 |
2 | 50325 | 6.210 |
3 | 18949 | 6.200 |
1 | 22631 | 6.190 |
1 | 81 | 6.180 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 53073 | 5 |
6.260 | 17945 | 4 |
6.270 | 16511 | 5 |
6.280 | 26784 | 3 |
6.290 | 37117 | 6 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |