The blame game has started.
The resource is a ball tearer and the price will get a re rate.Timing is only an issue for traders
All the worriers ( "long" traders) I believe are being taught a lesson by some sophisticated shorters.
I also believe the vast majority of the recent placees are firm holders and probably only gone longer.
A bit of short term over promotion has lead to an over supply of traders in the stock. When they get bored and the stock settles, the results will govern the long term price of the stock, and I believe at this price we will find some decent instos to absorb the weak holders---just chill.
Shorts- rattling the weak traders
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Last
15.5¢ |
Change
0.050(47.6%) |
Mkt cap ! $178.7M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 15.5¢ | 12.5¢ | $1.396M | 9.989M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 597661 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 220183 | 6 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| LIN (ASX) Chart |