siamese,
You're talking to the wrong person, mate. I never said I got into ARQ at 60c.
Also, if you re-read my post, I wasn't complaining at all. I was explaining.
I've wondered why, given all of the positive announcements, ARQ wasn't moving up more. I thought I'd found a couple of explanations and thought that, maybe, y'all might be interested in my opinion.
If I'm right, the implication is that, while the insto's are selling down, there are quite a few others buying up (hence, the big increase in daily volumes, with downward movement in sp). I get worried when the price declines and there are no buyers. When there are plenty of buyers, but the price still declines or moves sideways, I wonder what's going on.
I also checked out the short sale data published by ASX and there are no shorts left (they've all covered/bought in the past month, or so). So, the reason for the decline and subsequent sideways slide wasn't shorting.
That's a good sign, IMO. It means there's inherent strength at the moment. It means that, once the big seller(s) have gone, the buyers of 4-5m shares per day will need to find sellers of 4-5m shares per day.
That should be interesting.
[If I have any criticism, it's that they should now stop issuing shares for a while. What with Wandoo and the rest, enough is enough for a while. Shareholders need some time to consolidate and see whether they're being provided extra value or being diluted by all of these purchases/new issues. BPT is the same, at the moment - they've bought so much and entered so many new deals in the past 12 months, no-one knows how to value them.]
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.96M |
Open | High | Low | Value | Volume |
15.0¢ | 15.3¢ | 15.0¢ | $86.66K | 577.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4670865 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 1548308 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 4670865 | 0.150 |
5 | 1830344 | 0.145 |
4 | 164180 | 0.140 |
4 | 32228 | 0.135 |
2 | 15398 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 1548308 | 24 |
0.160 | 698265 | 14 |
0.165 | 263584 | 8 |
0.170 | 504284 | 5 |
0.175 | 52258 | 3 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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