SP, yes, yesterday's bargain is today's bigger bargain. I've traded arq a number of times in the $1.40's and traded out in the $1.50's. But I still have most of my orginal holding of 13.5c to cushion any fall.
Sentiment nowithstanding, these prices still represent a good trading opportunity on the fundamentals. I expect once the oil price steadies, the price will recover fairly quickly based on past history of sell downs. The market just hates uncertainty.
sell down bargain buy, page-17
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.96M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $75.63K | 501.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6922634 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1448688 | 22 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |