Yes, I think the SP will hang around this price for some time. +- a few cents. That's fine with me as I can go away and ignore it for a while. Like other stock that has flatlined in the past, there will be a time when a sniff of postive news will cause an extreme reaction.
I.e. BSL flatlined for over 6 months at 40 cents, got dumped to 26 cents, then some positive news propelled it ever so quickly to 3.5x that low value, and the company was still running at a huge loss. Currently near $1 (x6 equivalent due to consolidation). In the meantime, a few cents each way is only going to satisfy the HFT crowd, and the shorters will be short changed.
Best we all go on a holiday from HC and come back when Eric has his pipes and dirt in order, unless your business is trading.
flatline, page-9
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Last
$6.29 |
Change
-0.010(0.16%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.37 | $6.29 | $15.63M | 2.473M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1079 | $6.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.31 | 10515 | 3 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |