Market fundamentals do not exist with this stock. It is a shorters and traders paradise - can only imagine the sort of traders bonuses that are being had by UBS and others who legally manipulate the market consistently. I thought this was a great announcement around strategic partnerships and hedging the business through different (and depressed) environmental conditions but what do I know!!
Hope these a**eholes get what is coming although suspect with the way the workd is going they won't as they weild too much power. As for Alex being the saviour here is some advice - do what is necessary to increase the Market Capitalisation of the company otherwise you will also end up on the scrapheap.
As for where to from here maybe all of us should be pursuing the same strategy as the larger institutions, ie. buy and sell daily and take a small % over a shorter period. Consistently goes down before lunch each day for starters for no reason.
Bit over it
So much for the "big news"
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Last
$12.52 |
Change
0.040(0.32%) |
Mkt cap ! $3.736B | |||
| Open | High | Low | Value | Volume |
| $12.12 | $12.54 | $11.99 | $27.08M | 2.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13432 | $12.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.53 | 10494 | 2 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |