Why...because fear is stronger than greed. Simple as that. The market is down over 400 from the previous top in the past 4 weeks alone. We are no longer in a bull market. We have just started the next leg down in the current bear market.
I agree this company is great but to answer your question, ppl are driven by perception and when things look grim...ppl will sell regardless of prospects than think later!
They act on preservation of capital rather than furture hopes.
profit takers, page-3
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.237M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 13664897 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3626406 | 5 |
View Market Depth
| Last trade - 10.04am 29/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
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