PCK 6.67% 2.8¢ painchek ltd

PCK 33m options left to exercise, page-19

  1. 722 Posts.
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    people will spin themselves in knots, ok so appendix 3B for 6.5M options converted to shares, do they sell? I don't know, have they already sold who knows, are "they" just selling half don't know, do they just want the shares so they are ready to go for later in the year who knows...

    volumes are showing not a lot is going out the door though, hence price rises when buyers compete to acquire stock from the sellers......

    but do I get scared off buying?? or do I sell the shares I currently have and hence now exit this company and forgo any future growth from its business strategy??

    well by that reckoning why am I not more concerned by the larger 40M shares bought in Oct-Dec 2017 at sub 5c, should we not be concerned about those people selling now at 8c? do I even know how many of these people are still holding or how many are going to sell , or do I even know if "they" are the force behind the rise of price .....

    People tend to approach markets with a view of the more I can learn about something the better my chances are of making money. in reality people really don't know the value of something (its your opinion and nothing else) or who is buying and selling. Broker codes can give you some insight vs retail and insto, but very little else. My all time favourite is cappers to explain why price is falling, such garbage.

    One thing broker codes do show is when retail is dominating volumes is that social forums like this are a haven for posters talking up and talking down stocks for the aim of short term gains (no regard for long term fundamental prospects of the company are considered in their strategy).....the very premise of people signatures and strategy will point to this. The "they" tend to be the posters on HC.
 
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Last
2.8¢
Change
-0.002(6.67%)
Mkt cap ! $45.84M
Open High Low Value Volume
2.9¢ 2.9¢ 2.8¢ $7.462K 257.5K

Buyers (Bids)

No. Vol. Price($)
5 1209083 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 60000 1
View Market Depth
Last trade - 14.48pm 18/11/2024 (20 minute delay) ?
PCK (ASX) Chart
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