I for one have no problem with short term traders taking profits in SSM, just look at the statistics, it rose from 23c to a high on friday of 33.5c in the space of a week which was a 46.5% gain bottom to top, now it has finished up 24% for the week, which is exceptional in these market conditions.
There maybe further short term general market sentiment related weakness that see's the stock rangebound around the 26-34c level until we start getting closer to the ex-dividend date, but judging by the volume on thursday/friday a lot of the shorter term traders as the apprentice has highlighted should have already exited the stock.
At some stage over the next couple of weeks the high yield nature of SSM should lead to renewed investor interest.
I for one have no problem with short term traders taking profits...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.92 |
Change
-0.025(1.29%) |
Mkt cap ! $1.179B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.94 | $1.90 | $2.373M | 1.241M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30100 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 499 | 1 |
View Market Depth
| Last trade - 16.11pm 25/07/2025 (20 minute delay) ? |
| SSM (ASX) Chart |