No problem, losses tend to leave a sour taste in the mouth, fair enough. The company is ensuring everyone knows the current state of play (ie zero U tolerance) in each announcement they make and yes everyone needs to be aware of that most important risk.
Notwithstanding this I place my faith in technicals as I believe technicals tell the story of what insiders/those close to the situation are doing.
The selldown post suspension lacked sting with volume virtually non existant when it hit the bottom. This together with directors buying, together with the conviction shown in buying when the sp turned leads me to believe the sp will recover.
(As an exercise everyone should bring up their price/vol chart - notice the trend up in sp to June, the volume trended up, the trend down in sp to the recent low in late july, the vol trended down, now we have kicked up and so has the volume = this spells accumulation and in my view is very important and the reason I still hold).
However to get to where we all want to go (i.e $1+) we will need the green light from GL pollies. As I said before there is no reason why in the meantime we cant get back to recent highs (50c) on a good feas/updates alone, the chart is agreeing with that viewpoint thus far.
Good luck in your trading.
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.99M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $1.94K | 89.80K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 541807 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 99184 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 541807 | 0.021 |
3 | 3884005 | 0.020 |
7 | 1677772 | 0.019 |
3 | 1949857 | 0.018 |
1 | 625000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 99184 | 1 |
0.024 | 300000 | 1 |
0.025 | 1052329 | 7 |
0.027 | 1594660 | 1 |
0.028 | 1463126 | 3 |
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