There are those who chase the short term rises and those who invest.
Short term positions are exactly that – ‘jump in’ - cover the spread and make a few percent – then jump out and repeat elsewhere.
The volume of shares being traded indicate that it’s the ‘froth’ that is making the short term price – not the investors who hold the majority share holding.
'Froth' tends to evaporate if no news for a few weeks to stir the 'excitement' up - watch the froth reappear upon further news.
Business as usual….
Just A Thought....., page-21
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $182.7M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $202.5K | 1.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 202716 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 270000 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| COI (ASX) Chart |