CTV 0.00% 0.8¢ colortv limited

I think what Plooto meant is that EN1 is a generally illiquid...

  1. 167 Posts.
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    I think what Plooto meant is that EN1 is a generally illiquid stock, with very little movement from day to day, and isn't really focused on by day traders anymore - so the market swings don't affect its price as much as they do for stocks for larger companies, and hence the movements of the broader market (due to market sentiment, international market, trade wars) wouldn't have such an effect on the daily or weekly EN1 movements (long term, if we do enter a trade war, and a global recession, they will affect the price of EN1 as global consumer demand will fall).

    At this stage it is just the value investors holding onto it, with all day traders focusing elsewhere. A good sign really, it means value investors can accumulate without thinking the price is being manipulated by day traders.

    Your response to Plooto, asking him if he is taking the p(#s, was very productive - well done. *rolls eyes*
 
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