That the financial world all part of a game, they need to continuously change stock price base on some random walk of reasons to get people to trade, talk, churn shares anything but sit still.
They don't make money if the share goes up or down they don't care, their banks and brokerage firm make money via churn and get the commission.
Imagine most people buy and hold that would be the end of the stock broker and analyst.
You buy MYX paid your commissions, next week they come out and said the stock is over priced and you need to reduce your holding, then some weeks later the report came out good, the stock is cheap you need to overweight and buy some back.
If you act on those recommendations you paid 3 lot of brokerage and if you do nothing for 10 years he is out of a job
but in reality most people can't handle price decline, sooner or later they act or blame someone for their misfortune and when it going up they feel like a genius and start taking on a more risky bet.
Financial market operators know this so they throw you headlines and recommendation, price target and money talk show and people feel justified about their buy and sell decision.
all in all, I call this financial pornand like porn watching and reading this stuff long term is bad for your health, money and relationship
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Last
$4.67 |
Change
-0.110(2.30%) |
Mkt cap ! $397.2M |
Open | High | Low | Value | Volume |
$4.74 | $4.85 | $4.67 | $302.0K | 63.80K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 383 | $4.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.70 | 180 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 383 | 4.670 |
1 | 668 | 4.640 |
1 | 668 | 4.630 |
1 | 668 | 4.620 |
1 | 668 | 4.610 |
Price($) | Vol. | No. |
---|---|---|
4.740 | 668 | 1 |
4.750 | 668 | 1 |
4.760 | 668 | 1 |
4.770 | 668 | 1 |
4.780 | 668 | 1 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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MYX (ASX) Chart |