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
28.0¢ |
Change
-0.010(3.45%) |
Mkt cap ! $27.56M |
Open | High | Low | Value | Volume |
29.0¢ | 29.0¢ | 28.0¢ | $37.40K | 132.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 149315 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 38170 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 149315 | 0.280 |
4 | 41000 | 0.275 |
4 | 104000 | 0.270 |
2 | 101509 | 0.265 |
4 | 200680 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 38170 | 1 |
0.295 | 2600 | 1 |
0.300 | 13640 | 1 |
0.305 | 42319 | 1 |
0.315 | 10300 | 1 |
Last trade - 12.00pm 25/07/2024 (20 minute delay) ? |
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