To some extent, I agree, but IMO, it can't be refuted that a smaller amount of SOI causes far greater intraday price fluctuations.
To also add, the aspect of my post regarding the timing of MGT's consolidation was purely a hypothetical to assist in my explanation after noodles had a dig because of our SOI/market cap. I have absolutely no idea when or if they would consolidate (plenty of variables I can't account for) but it is a potential nonetheless.
Lastly, I thought that it was worth adding that all of my investments are based on my analysis of
medium-long term fundamental factors/drivers. I.e Jovial's eloquent recent post sums up my perspective nicely. I probably should have added the aforementioned into my original post for clarifications sake but everything is better in hindsight.
No harm done - Cheers.
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $21.33M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 17.5¢ | $14.97K | 83.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90014 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 30666 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90014 | 0.175 |
8 | 139764 | 0.170 |
2 | 11200 | 0.165 |
1 | 50000 | 0.160 |
1 | 10000 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 30666 | 2 |
0.195 | 52668 | 4 |
0.200 | 132206 | 3 |
0.205 | 49999 | 1 |
0.215 | 1946 | 1 |
Last trade - 15.42pm 04/10/2024 (20 minute delay) ? |
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