88E 25.0% 0.2¢ 88 energy limited

Yes Gotta , do have to b careful of volumes Vs capital being...

  1. 13,575 Posts.
    lightbulb Created with Sketch. 567
    Yes Gotta , do have to b careful of volumes Vs capital being outlaid here. BUT oppies r a high risk play and if someone sees the risk worth taking. BUT then we r at pretty good risk/reward value atm with this company.

    The 700M issue still worries me and imho we still need a huge over hang cleanout which will only come with a massive volume day.

    But then if the sellers pull back ???

    The problem with 88E atm is that someone is patiently dropping stock into the buys at a 10% gain and THEY R IN NO HURRY. Watch for a build in sells higher up the depth which MAY b an intraday indicator of something to come as they will want to take advantage of the run and have contracts in place in front of short term traders.

    Like Ive said b4 the Tangiers/88E chart has some huge gap downs. Question is r they now relevant that the company has changed fundamental tack and we now have another 700M shares on issue.
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(25.0%)
Mkt cap ! $43.40M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $46.48K 23.26M

Buyers (Bids)

No. Vol. Price($)
474 1305395133 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 23140122 3
View Market Depth
Last trade - 15.57pm 17/09/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.