Sorry for the rant but one last point
It appears there is too much support to push this lower than $3.50. I think we are at or close to the bottom.
Or maybe they don't want to let it go lower - getting into too much risk below that.
Spod sales prices seem to be at minimum sustainable profit levels for many suppliers so the risk curve is steep below this too.
Either way there seems to be a floor set in the current market.
Pls shorted, page-752
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$2.97 |
Change
0.060(2.06%) |
Mkt cap ! $8.942B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.02 | $2.93 | $100.8M | 33.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 716181 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 235000 | 1 |
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