You are just looking for a silver lining and someone to blame for your current predicament.
It is a combination of company promotion and shareholder naivety.
STX promoted a potential "Asset of Worth".
It ended up being a "Worthless Asset".
In your exuberance, you factored this potential success into the share price, and it failed spectacularly.
Macquarie is now factoring in a fairly healthy risk factor, quite sensibly.
You are going to be patient, and wait until the risk is mitigated.
And another thing, the shorters are your friends.
IMO. J L.
Short squeeze party thread, page-246
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $637.5M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $96.58K | 433.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 595392 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 1295288 | 14 |
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| Last trade - 11.53am 06/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |