Based on the sentiments of this forum and others, I sense that a lot of holders are panicking right now and will probably get out while they are still in the green or just slightly in the red. As I said earlier, someone knows something and is offloading big time, leading me to suspect that the next announcement we get, might not be the saviour we are all praying for.
Yesterday I suggested sub $0.28 for today which seems pretty likely now, but If I am right about the pending announcement (and I hope I am not), we will see SUM pull back to sub $0.20 positions, which seems to be its natural resting place in the scheme of things.
I'm still holding, but the faint of heart might want to run for the hills about now.
SUM Chart, page-651
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $18.87M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.5¢ | 23.0¢ | $50.39K | 215.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18238 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 29884 | 2 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |