EXT excite technology services ltd

reasons for sell off maybe, page-5

  1. 681 Posts.
    The stock has been dropping since 17 Sep, so I don't think what happened last night has much bearing.

    After rallying for 2 months plus and hitting medium term broker forecasts in much shorter time period than the brokers framed them in, you should really be looking for reasons why it won't correct. In EXT's case there was an upbeat announcement that delayed the inevitable.

    Which was, predictably, that some would have to sell down their positions to take up the SPP, and even though those sellers probably don't account for the whole fall, it could easily have been enough of a sneeze to cause an avalanche, especially when the liquidity is so thin. Everyone uses tight liquidity as an argument for the price to rise, but many forget that it works both ways.

    dt
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.9¢
Change
-0.001(10.0%)
Mkt cap ! $18.65M
Open High Low Value Volume
0.9¢ 0.9¢ 0.9¢ $6.515K 723.8K

Buyers (Bids)

No. Vol. Price($)
1 26139 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 6370837 8
View Market Depth
Last trade - 14.33pm 28/07/2025 (20 minute delay) ?
EXT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.