The speed with which the SP is tanking I would think sub-$4.00 is not out of the question.
Once a small company's SP becomes the play thing for one or two large insto's there is practically nothing that can be done to reverse the direction the institutions have decided to send it in.
All the retail shareholder can do is hang on, emulate what the insto's are doing, and most importantly get rid of the company's shares once you're within a sniff of break even...which is exactly what the insto's are counting on.
Shorts are increasing on AVH, page-103
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Last
$2.70 |
Change
0.010(0.37%) |
Mkt cap ! $187.0M | |||
| Open | High | Low | Value | Volume |
| $2.71 | $2.79 | $2.70 | $234.8K | 85.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9999 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 6000 | 1 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| AVH (ASX) Chart |