Your analysis makes sense if we didn't know why the SP crashed today. But we do. Today we saw a classic brutal forced sale. When an investor can't cover a trade the trading co such as Commsec NAB etc set a deadline. If you don't meet it they sell your shares. They don't waste time selling them.slowly to get a good price. They dump them at the close of deadline day in an At Market trade. Nothing has changed with Rox except in the panicked minds of inexperienced investors.
hold RXL, page-575
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.27M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $85.07K | 707.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 151462 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 109617 | 3 |
View Market Depth
| Last trade - 13.40pm 09/10/2024 (20 minute delay) ? |
| RXL (ASX) Chart |