I too believe that the fall today is a combination of factors feeding into the fear scenario.
1. The recent rally in the share price penetrating the psychological $10 that has not been touched since Oct 09 can have a jittery effect as we move to 'unknown' territory. Code for over bought/over valued speak.
2. It is difficult to tell if the recent rally is a combination of optimism and short squeeze. What I do know is that yesterday short sell is 1/3 of all transaction and the share price tanked. I would imagine there are logical traders thinking that unknown high in more than 1 year with a high reported 1mil accumulated shorted stock and a broker report that seems to suggest delays of DFS will cast a more negative views for the impatient or short term thinking of protecting profits or worse, the opportunity to make money from the not so favorable reports to reason for bearish sentiment.
However I am not convinced that someone with loads of money is pushing the share price down to close the gap with CR to influence the vote on Monday at the last minute. I sent my vote weeks ago and I am sure many small holders like myself would have voted yes to preserve any appreciated share price above that CR level.
These are some of the reasons why I feel that the fall today was a natural reaction rather than some shock news to be revealed on Monday. We can only wait and ponder how to react to the details of Monday's meeting.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.65M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $4.781K | 531.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2342898 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 1843275 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2342898 | 0.008 |
7 | 5278700 | 0.007 |
4 | 2850000 | 0.006 |
2 | 1280000 | 0.005 |
2 | 1498000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1843275 | 1 |
0.010 | 1075480 | 6 |
0.011 | 7609469 | 9 |
0.012 | 982124 | 4 |
0.013 | 314500 | 2 |
Last trade - 15.52pm 26/06/2025 (20 minute delay) ? |
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