I bought today around $1.63 and I really thought we would be back at $1.69 but it doesn't look that way for today.
I think it's only natural that price will struggle for a while until the big line of stock is digested by the market. According to my share count that line was more 10% of the company so by Mitsubishi selling it has effectively filled a lot of the demand for the stock so it may take time for more demand to show up again.
It's hard to understand why any one would buy at $1.69 only to dump it for a loss on the same day. But it does happen as prop traders and hedge funds may have bought in the hope of a quick turn but when it didn't look like I was going to go up they just aborted. From there it just feeds on itself and selling begets more selling.
Anyway, I'm holding as I think it will recover, just needs time.
Just my opinion and I could be wrong, so do your own research and good luck.
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Last
$4.95 |
Change
0.010(0.20%) |
Mkt cap ! $4.184B |
Open | High | Low | Value | Volume |
$4.96 | $4.96 | $4.86 | $11.52M | 2.343M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 34528 | $4.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.95 | 23023 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3619 | 4.920 |
2 | 2219 | 4.910 |
5 | 8723 | 4.900 |
4 | 12264 | 4.890 |
3 | 2424 | 4.880 |
Price($) | Vol. | No. |
---|---|---|
4.950 | 493 | 1 |
4.970 | 2019 | 1 |
4.980 | 2019 | 1 |
4.990 | 2019 | 1 |
5.000 | 2104 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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