Many of those people selling yesterday at the open might now be considering they acted prematurely. Usually the first 'cabs off the rank' are not retail shareholders, retail investors usually procrastinate too long (that may only be minutes - but most get the lower prices).
The range yesterday was 0.035 to 0.032 and most of the day was 0.033 - 0.032. Today the 9 May, the open is 0.032 where 2,297,712 (for $73,527) shares were quickly snapped up, and within 2 minutes went to 0.034, leaving a lot of yesterday's sellers with egg on their faces and wondering if they might get to buy-back at what they sold at far lower prices.
It's an old adage but very apt: ' A bird (Pus) in the hand is better than two in the bush'.
From my view point I don't think in twelve months time we will have MC of $107.3m, conservatively it be 5x more.That's my take, although I'm not an investment advisor so DYOR.
Rebound, page-4
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $21.47M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $4.865K | 1.756M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 160 | 141041372 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 72515664 | 49 |
View Market Depth
| Last trade - 15.41pm 26/07/2024 (20 minute delay) ? |
| LPD (ASX) Chart |