Yes it is GREAT news, and we should have lift off, but can someone explain to me why this stock has an early surge to good news (first 15 minutes) then all the initial gains are then erroded during the day by people selling down.
This has happened the last few times. The biggest being about 6 months ago with the Nystar announcement. Opened around 29c and then erroded back as the day went on.
I am just trying to get a hold on this stock. It has everything going for it as I and others have mentioned in the past, yet stock holders can't wait to get rid of it when there is movement.
Don't get me wrong, it is great to see high volumes today, and I hope they continue.
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.667M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $367 | 183.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 28474995 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6070354 | 9 |
View Market Depth
| Last trade - 10.04am 30/08/2024 (20 minute delay) ? |
| IBG (ASX) Chart |