See daily chart - recent support at 81 cents was breached but looks like holding. The chart for the last 2 days looks pretty ugly. I can't figure out what is going on but there have been some headwinds. If you have a look at the SMH market blog today there is a session about the Macau casinos struggling (including Crown) with a solid downturn. Reasons given, a crackdown on corruption in China and travel restrictions from mainland to Hong Kong since the unrest there. this could have led to guilty by association for DNA.
I also think the market announcement on Monday created one of the biggest no-no's for a stock and that is uncertainty. The announcement was weak on detail, the deal won't be sealed until some time into 2015 and as it is still in due diligence etc it is hard to pin it down. Hence the speculation in these columns today about what and where etc. Not good when people have to start speculating. Probably should have been kept under warps until there is more announceable substance but that raises the potential for leaks.
I am holding but feel the risk is elevated somewhat so decided to lighten a bit but ultimately wont let the price settle below support at 81 cents, if it does I will be out.
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3.9¢ |
Change
0.004(11.4%) |
Mkt cap ! $48.18M |
Open | High | Low | Value | Volume |
3.7¢ | 3.9¢ | 3.7¢ | $6.198K | 166.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 108884 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 320000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 137482 | 0.035 |
4 | 427078 | 0.034 |
1 | 50000 | 0.033 |
2 | 131854 | 0.032 |
3 | 146670 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 320000 | 2 |
0.040 | 386936 | 1 |
0.041 | 78720 | 1 |
0.042 | 114578 | 2 |
0.045 | 186270 | 1 |
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