agree. Very strange and rare. But, do you know what else is very strange and rare? An actual ASX spec becoming something other than a spec.
for mine, I see 80% of the ASX specs simply being run by management, for management.
5% being operated with a view for buy out.
15% being run with the genuine intention of making a profitable business.
of that 15%, probably 1% make it (FMG etc).
of the 5% aiming for a buyout, I’d guess the percentage is a little higher. So, for mine, the ‘buyout’ stocks are my preferred.
all this said, I take great comfort in the fact that the buying activity is unusual. As stated, it’s incredibly unusual for a spec to do what it’s intended to do.
if it were behaving the way the 99% of specys on the ASX do that fail, I’d be far more alarmed.
agree. Very strange and rare. But, do you know what else is very...
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Last
$1.31 |
Change
0.020(1.55%) |
Mkt cap ! $217.2M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.31 | $1.26 | $71.25K | 55.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 5950 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.31 |
Change
0.020 ( 2.18 %) |
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| Open | High | Low | Volume | ||
| $1.30 | $1.31 | $1.26 | 10789 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| RAC (ASX) Chart |