That's an optimistic way of looking at. My view is that it takes a lot more conviction to sell at these levels than buy. Anyone selling those 20m shares has either held for 3+ years, and has had enough, or they are selling at a loss (again after having had enough). Either way, it seems that it would be a much more difficult choice right now to part with a significant loss or a long term holding, than it would to go bargain hunting and purchase AGY shares at 3 year lows.
There's every chance that those buying at these levels are taking a quick punt and may happily turn into high-volume sellers around the 12 cent mark. I wouldn't read too much into it.
General Discussion AGY, page-20481
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Last
3.8¢ |
Change
0.002(5.56%) |
Mkt cap ! $55.32M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 4.0¢ | 3.7¢ | $271.6K | 7.042M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1174965 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 1272049 | 10 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| AGY (ASX) Chart |