Of course, this market is rigged. You would never expect to see 6% intraday move like this on a miner! It's the like of tech stocks that merit this sort of daily move over the last few weeks. This play can hurt both ways. The ones who piled in on the short side now could be blown up in a week. As IGO now broke below the lowest point of 2 years, everyone is nervous. I think the long just need to be patient and nibble a little every week. It will hit the bottom one dayAnd from that point, FOMO and short covering will send it up 50% within 6 months. Anything can happen but the risk has diminished a lot now that it is around $8. I still remember people think SANTOS and ORG could die when the share prices hovered around $2.5 then soon after they rose over between 150% - 200% from the bottom.
Just have to wait for 6 - 12 months for the sentiment to change.
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Last
$5.69 |
Change
0.110(1.97%) |
Mkt cap ! $4.308B |
Open | High | Low | Value | Volume |
$5.63 | $5.77 | $5.62 | $31.05M | 5.451M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2145 | $5.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.70 | 43298 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 5.690 |
1 | 12139 | 5.680 |
4 | 43458 | 5.670 |
3 | 20355 | 5.660 |
1 | 1600 | 5.650 |
Price($) | Vol. | No. |
---|---|---|
5.700 | 12351 | 1 |
5.710 | 140 | 1 |
5.720 | 1619 | 2 |
5.730 | 6741 | 3 |
5.740 | 55978 | 7 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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IGO (ASX) Chart |