I bought in this morning. The good thing about the big drop is the chances of it falling further decreases substantially. Every cent drop when the SP is at 0.86 is a 1.16% change, as opposed to the 0.63% change when the SP was at $1.60.
Unless shorters are confident there's more news to come to undervalue this company further, it is now extremely unattractive to continue shorting this. The shorters will probably want to buy back now.
Fundamentals Are Strong, page-458
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Last
$4.52 |
Change
-0.010(0.22%) |
Mkt cap ! $384.5M | |||
| Open | High | Low | Value | Volume |
| $4.48 | $4.58 | $4.46 | $324.8K | 72.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 434 | $4.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.56 | 4000 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| MYX (ASX) Chart |