There is no rationality in these markets anymore. We have a very serious other problem which is running loose without any police to stop it. Multi bullion dollar short hedge funds deploying allorithims and circular trading techniques with the sole aim of destroying companies for their profit and destroying investors wealth.
Sure the oil price falling is a contributor but the speed and violence and magnitude is smashing companies and investors into dark places which they wouldn't have gone.
These are not orderly markets nor are they transparent. When these financial terrorist target a stock they lock on the cork screw algos and hammer the shares and circular trade down like a choke hold. They only stop when they decide they've made enough leaving shattered investors and broken companies.
Very sad...ASIC wake up investigate the trading data of the participants you regulate check the long books and short books carefully....analyse the algos and see if they are operating in an orderly and legal way.
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Change
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Mkt cap ! $25.13B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20574 | $7.74 |
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Price($) | Vol. | No. |
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$7.76 | 30000 | 1 |
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No. | Vol. | Price($) |
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1 | 7000 | 7.730 |
2 | 779 | 7.700 |
2 | 3702 | 7.680 |
2 | 5019 | 7.670 |
3 | 1565 | 7.660 |
Price($) | Vol. | No. |
---|---|---|
7.780 | 3859 | 1 |
7.800 | 5958 | 5 |
7.810 | 5000 | 1 |
7.820 | 15500 | 4 |
7.840 | 1400 | 2 |
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