Hi Judge,
it's hardly a bloodbath. Just lack of interest.
A bidder has been prepared to support the stock at 24c and they are no longer there.
My problem with this stock is this - if it was such a bonanza, where is the volume of buyers - why has the sp been going down and down in a falling wedge to pressure the support ?
This could just suddenly bounce for no reason - "One last screw", to quote James Bond.
But the wise would be applying stoplosses to a stock where the shareprice is not providing confirmation to the so called fundamentals.
The last example of this i recall from smuggler & Co was BQT and look at it now.
QTK
quiktrak networks limited
is this company for real?, page-5
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