I don't think there is ever going to be an "exhaustion point".
The same old story is playing out, except this is now on a tiny margin. Seller are taking whatever is being offered to them, and once the price is established (today it's 0.92), this is the price the sellers stick to.
There is no real staying power or exhaustion here. The sellers are cought between a rock and a hard place, there is no good news to move the price up, and those that have "invested" are looking at a non-performing stock that is not appreciating.
The buyers know this well....and are not offering anything, only when the price completely stops moving do they offer crumbs, and the sellers will take it, and the buyers know this!!!!
With the pending EOF - an opportunity for some tax relief - that is just an added incentive for the sellers to take whatever is offerred.
Do you agree this is an endless cycle???...or am I way out on left field here??
- Forums
- ASX - By Stock
- VCR
- principal investigator for dt trial
VCR
ventracor limited
principal investigator for dt trial, page-3
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)