I don't know how you can say that. The selling on Wednesday was particularly savage and took out large chunks of buyers in the process as large parcels were dumped repeatedly throughout the day both in the first hour and later in the afternnoon. The SP rose on Monday 24th pre the 4C so there were buyers around then.
Sentiment is in the toilet right now as a result of the mauling and not unexpectedly the buyers are probably pretty wary right now. I would be the same if I was looking for an entry point in these conditions. You can't say with any authority that the buyers have gone away just because Alexium isn't cash flow positive, certainly hasn't stopped them in the past. It is just speculation at best.
TA discussion, page-4879
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.49M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 484425 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 706022 | 4 |
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