this is 100% retail selling. 80% of the register is retail and what you are seeing now is fear triggering retail stop losses that increase the momentum of the downward move. This will continue to shed in price until it stops abruptly then it will wait a bit then get back and going.
Stop loss positions CREATE massive slides, they don't prevent them.
A put option in a structured position is a stop loss and is an actual investment in it's own right, MGT isn't able to be used for derivative positions.
There's no tree shake, no manipulation, this is pretty normal and will correct itself. No idea when that will be but the underlying project is worth investing in so I will increase my shareholding when it all stops
MGT share price, page-7872
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Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $25.07M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.5¢ | 24.5¢ | $4.484K | 18.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 46568 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 14.23pm 16/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |