cmdhit, yesterdays low volume reflected the difficulty experienced by traders in placing orders. On Commsec I couldn't access normal order placing and had to call a voice broker. So in effect trades were very restricted. There is also confusion as to its current trading status and the deferred settlement etc.
I don't think we will gain a real understanding of its status and market sentiment until this administrative phase progresses to a logical end and normal trading recommences.
In the meantime we have seen traders buy in to secure the bonus offers which in my opinion is a sound strategy. This has taken the consolidated price up to a new hight of 33c which has to be a good start.
As to news... well if I were a director of this company I would be considering a tactical release at a time when I was certain that all the dynamics were in place...i.e. Dow is up; other stocks aren't taking the limelight, time allows traders to exercise options etc etc.
Time to wait and see.
- Forums
- ASX - By Stock
- gondwana change of code deferred settlement
cmdhit, yesterdays low volume reflected the difficulty...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GDA (ASX) to my watchlist
(20min delay)
|
|||||
Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $35.01M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11539 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 3396 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11539 | 0.265 |
7 | 131471 | 0.260 |
3 | 127000 | 0.255 |
5 | 44940 | 0.250 |
1 | 7000 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 3396 | 1 |
0.290 | 19553 | 2 |
0.295 | 170047 | 2 |
0.310 | 9064 | 2 |
0.315 | 15765 | 2 |
Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
Featured News
GDA (ASX) Chart |
Day chart unavailable