we own a strange company.... 'selling pressure' comes from somebody's $5000 sell
yesterday was a total of $11,000 traded (ASX)
the open this morning was a day trader selling to themselves at $1000 lots to push the price point down
since then a $2000 trade has pressured us down another 2.3%
what we see are day traders trading $1000 parcels to make $20 here and there; it is what it is, if there are no real buyers; I guess if a real seller shows up (say my Mrs caught me at the local brothel and forces me to cough up $20grand).... well that event can cause our $20 mill company to fall $2 mill in market cap in seconds
please, please I hope for the day we are a real company; not a day traders play thing or a manipulator's gift
c'mon quarterly.... $4 mill revenue, $2 mill cash flow positive, $6 mill in the bank, not quite yet EBITDA profitable... but soon
LDX Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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