Sure it is on a down trend and it looks awful. But when it turns around, you will see a violent move with the share price rocketing up 50% - 100% in a very short few weeks. I checked the chart and I see that 3 months after hitting the bottoms, the prices were up by 170% - 200% from the bottoms. They naysayers will keep telling you this never happens again. The game is full of propaganda from both sides and the short sellers will try all sorts of things to force a capitulation with a wide open window for at least a week so they can cover. But often the window is very narrow. Some only last for 1-2 days.
If you can time the bottoms, you would become millionaires in no time but that's just not possible.
New all time high, page-519
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Last
$5.93 |
Change
0.040(0.68%) |
Mkt cap ! $4.490B | |||
| Open | High | Low | Value | Volume |
| $5.87 | $6.02 | $5.84 | $17.01M | 2.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 7303 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.94 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |