I'm long term bullish on this stock, but I agree that I think it may drop sharply short term. I think day traders are at work on this one and have pushed the price up ridiculously quickly. To me the discount on options reeks of short termers. Why would someone who intends to buy and hold, buy heads, when it's cheaper to buy options. The only other reason is the truly inexperienced getting aboard the hype. The short termers are looking to sell and if the inexperienced see the price dropping they will probably panic sell, all of this will bring into play stop losses, thus more sellers.
I hope I'm wrong, because while I think that this scenario is likely, greed and fear of missing something big stops me from profit taking with the hope of buying back in cheaper later.
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Last
82.5¢ |
Change
-0.045(5.17%) |
Mkt cap ! $164.8M |
Open | High | Low | Value | Volume |
86.5¢ | 86.5¢ | 82.5¢ | $1.115K | 1.35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25 | 74.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 35 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25 | 0.740 |
1 | 1370 | 0.730 |
1 | 20000 | 0.660 |
1 | 10000 | 0.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 35 | 1 |
0.825 | 3640 | 1 |
0.870 | 6412 | 1 |
0.885 | 3999 | 1 |
0.890 | 9868 | 2 |
Last trade - 13.04pm 13/09/2024 (20 minute delay) ? |
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