Your dreaming mate if it drops to 5cents ill be incredibly surprised, the profit takers have had there cash cow and I believe that the majority of people left in the stock are in it for the long run/ waiting for the bounce. Anyone who sells at this point for a loss is a fool.
To sum things up for the o.p, absolutely the price has dropped because many people like myself got in at a good time (7c for me). When that price starts to fall because cashed up businessmen & investors take a profit, it causes a chain reaction, people get cold feet and decide to take there money and run. This happens with every stock that has ever listed.
Profit Taking, page-5
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Last
70.0¢ |
Change
-0.005(0.71%) |
Mkt cap ! $7.943M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 73.5¢ | 70.0¢ | $1.176K | 1.633K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 1846 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ZLD (ASX) Chart |