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8.1¢ nuheara limited

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Gerrado

7,101 Posts.

1404

04/08/21

14:22

Post #: 55025871
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Originally posted by kickit2me: ↑

"the market" - that's an opinion.

So far in the month of July the total volume traded is 76,468,241 shares

That's just 4.3% of the shares on issue for Nuheara - that's a fact.

Over the 17 trading days this month just 4.3% of SOI.

And a large proportion of those have traded back and forward in the hands of the shorter.

I'd be pretty confident to say that 4.3% of shares traded over a month does not constitute "the markets" views on the company.

More indicative might be the minimal changes in the Top Holders over that period of time.

Or perhaps lots of HC posters in the Top 100 holding a pretty big % of SOI who have continued to hold or add this month.

...

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I agree a handful of trades should not be taken as a consensus of fair value…

but the fact there are only a handful of trades does indicate the “market” isn’t really interested at this point in time.

A steady supply of profit takers in the absence of demand is the current market condition imo.

But the current circumstances can make for an opportunity you won’t find in more efficient markets.

NUH Price at posting: 3.7¢ Sentiment: None Disclosure: Held
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