A tough day and one that demonstrated the power of shorts when coupled with algorithm powered trades - the market basically has to follow where they wish to take it - the only thing that can buck their almost foolproof system is a run of very large successive positive buys. We could well see several more days of bot driven short attacks like we have witnessed today, however I still believe that a sub 0.240 cent share price will be brief.
Today perhaps best demonstrated the reasoning behind going long with companies like Sayona, because only being prepared to hold for a few more years at least offers financial safety and wealth creation. The predictions over the last week or so of a rocketing share price is ill-conceived rubbish designed to quickly pump our share value and then just as quick to then dump it.
Our fundamentals are among the best of companies within the lithium industry, we are just going to have to be prepared to wait for much needed stability.
NOT ADVICE, JUST MY THOUGHTS.
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.9M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.6¢ | $448.3K | 16.62M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
54 | 12228399 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 166868 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
53 | 11228399 | 0.026 |
61 | 23040563 | 0.025 |
37 | 14612319 | 0.024 |
30 | 12005780 | 0.023 |
19 | 4500455 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 166868 | 1 |
0.028 | 7787737 | 12 |
0.029 | 4788901 | 14 |
0.030 | 7629537 | 44 |
0.031 | 4489914 | 19 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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