I didn't even get the chance to manage any meaningful paper gain on both occasion recently as I tried to oick some type of bottom. It was a quick fire decision not to entertain a bigger hole knowing full well that the trend was against me that actually forced me to take quick hits (losses manageable) and reassess. The thing about Capital Markets is that it isn't predictable. If the Friday news is such that they were over subscribed and had to reject more dilution for instance, the SP will go apesheet up. What will you do then? Sell into the strength or keep waiting for more gain to off load or ride it to the moon?
Who knows what is going behind the scene currently. Those who know are not saying and those who don't have plenty of opinions.
POST TRADING HALT - WHAT NEXT, page-461
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |