I believe this crash is related to cash poor investors. Traders would have had margin calls and they had/have to sell small cap stocks to meet their margin calls. Also, people are trying to cut losses and they tend to sell their entire portfolio holdings. This is the reason why we see ady going down 1 cent with 200k sell order!! I'm very +ve that this stocks has lot of potential and can deliver significant gains as it did in 2007. I'm sure lot of progress should have been made in last 2 months and, it is just matter of company making annoucenements. This crash is no different to one that happend in Aug. I might sound stupid to say that it is good buy at this price.......believe it or not I've used my credit card to top up.
I believe this crash is related to cash poor investors. Traders...
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Last
1.2¢ |
Change
-0.001(4.17%) |
Mkt cap ! $18.73M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $5.302K | 481.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 323605 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 490037 | 2 |
View Market Depth
| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| ADY (ASX) Chart |