Margin calls by the big financial instos started today. On Monday and Tuesday there will be hundreds more. If investors who bought shares with borrowed money can't pay the margin call the instos will sell their shares at market price. This is a downward pressure on a market already in free fall.
But bought more RXL at 1.9 cps today, 1.9 cps is the disaster level on the chart. Closed at 2 cps which is a relief.
Hoping that Alex will release a positive ann on Monday. It would be excellent timing for one.
my opinion
RXL chart, page-627
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $47.21M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 11.5¢ | $88.52K | 737.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 160157 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 90361 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RXL (ASX) Chart |