So many scenarios as to why SP down today.
Really looks a bit of a case of not much selling ($1.6m to get thorough 17.5c this AM) out this has spooked the SP. We are back to the Sp post the May CR at 20c - which (after the stock allotted on the 30th) traded down to 16c in a hurry. So trading today is quite a nice technical pullback. Am i buying the support, probably if we are still there on the close this afternoon for a trade. A
But any of or a combination of any of the below is what is actually happengin:
1. Leaky ship
2. Margin call for an insto or big bet retail..
3. Its Friday so not wanting to hold over the weekend
4. Instos trying to flush out some weak hands (offload 2m mil shares at 18c, watch the sellers capitulate down, and top back up at 16.5c)
5. Instos offloading and over the SP weakness and just ride the oppies (Particularly May CR heads that are now under water on that parcel (including any options value).. If they still hold the heads (20c now 16.5c is down 3.5c, and the oppies would need to be worth 7c (as they were 1 for 2 which isnt gonna fly)..
6. Retails selling hoping they can Jag some oppies... But they wont get any as they aren't issued until the 18th (next week),and instos wont be selling...
No point speculating on the above thorugh really - it is just short term noise distracting from the real question... Is there gas..
GLTAH - going to be another few sleepless weeks - particularly for those like me who are in late (circa 20c around spud date) - Followed the story for a long while but committed elsewhere until just recently - so even without low entry / free carry I'm happy to take the punt on $50k and hold on for the ride whichever it takes me.. I didnt want to be the guy sitting here in 2-4-6 weeks going wish I had have bought those...
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Last
6.3¢ |
Change
0.001(1.61%) |
Mkt cap ! $95.53M |
Open | High | Low | Value | Volume |
6.1¢ | 6.5¢ | 6.1¢ | $74.69K | 1.193M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 242507 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 242507 | 0.061 |
8 | 775451 | 0.060 |
6 | 330940 | 0.059 |
6 | 421058 | 0.058 |
2 | 333157 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 15000 | 1 |
0.066 | 122878 | 3 |
0.067 | 44775 | 1 |
0.068 | 100000 | 3 |
0.070 | 31648 | 2 |
Last trade - 15.53pm 15/11/2024 (20 minute delay) ? |
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