Well, now we have a new low It's really a free fall due to short sellers just keep borrowing and selling the shares and there is not many buyers oit there. Instos don't just buy when the price is low. They have their investing plan. Retail investors don't have the money to buy a lot. So, it just keeps falling until it's too cheap for everyone to ignore. I think teh shorts are betting that the next IGO earnings report will not be good and might even have more writedowns. It's a dangerous game they are playing. By the time this baby turns around, there will be a monster rally following by a monster short squeeze. There is nothing retail longs can do now apart from sulking in pain or just take it calmly or even happily buy more slowly until it hits the true bottom.
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Last
$5.31 |
Change
-0.160(2.93%) |
Mkt cap ! $4.021B |
Open | High | Low | Value | Volume |
$5.40 | $5.48 | $5.29 | $18.53M | 3.415M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4388 | $5.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.32 | 13512 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3877 | 5.300 |
3 | 10271 | 5.290 |
7 | 33068 | 5.280 |
3 | 58397 | 5.270 |
4 | 8083 | 5.260 |
Price($) | Vol. | No. |
---|---|---|
5.350 | 4000 | 1 |
5.380 | 600 | 1 |
5.390 | 4000 | 1 |
5.400 | 3894 | 2 |
5.420 | 2491 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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IGO (ASX) Chart |