IMO Institutional cap raising holders can sell all the way to 8c and still make money, so 8c should be a natural SP floor, panic selling aside.
We are there about's right now with the SP so any institutional sellers may be nearing exhaustion or wanting another rise soon, but not without having caused predictable SP damage.
Any pending public share issue through cap raising nearly always, triggers a brief SP drop regardless.
The looming FED FOMC interest rate rise meeting over the next two days has triggered two weeks of global market pre-emptive taper tantrum selling, this might be good at this point in time as a rate rise could largely priced in by now, though in retrospect it would have been good to sit out two weeks ago, until after the FED rate rise dessication.
The unknown is that - the junk bond market has lost liquidity and it is very susceptible to any rate rise, with potential for GFC style escalation. So the general market is in play safe / not sure if they should panic mode, this in its self must have the FED second guessing the rate rise timing.
However with NOR IMO definitely in panic selling mode, very likely being triggered by institutional cap raising holders further triggering panicked retail investors.
A comprehensive major share holder historic list would be a nice thing to lay eyes on.
IMO The major SP pain has already been inflicted, junk bond market and rate rise aside.
I think the current SP is a bottoming out pent up spring waiting for good news Thursday and a stable post FOMC rate rise environment.
Though the cynic in me says, good news often triggers insider buying bad news insider selling. But if downloads convert as per average revenue per download, the news should be exceptional compared to how IOS did from launch for the same time frame.
There is also a traditional sit out of the market and be safe mentality as well as reduced trading volumes in play over Christmas.
Choices Choices!
Regards Mark H
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Last
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $15.20M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.2¢ | $3.956K | 122.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 215000 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 215000 | 0.030 |
2 | 100000 | 0.029 |
3 | 777000 | 0.027 |
3 | 750000 | 0.025 |
1 | 1875000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 30000 | 1 |
0.040 | 100000 | 1 |
0.041 | 123849 | 1 |
0.044 | 120200 | 4 |
0.046 | 21759 | 1 |
Last trade - 11.01am 11/09/2024 (20 minute delay) ? |
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