Just a theory but the price was 19c a few days ago then along came a blitz of negativety and the price this morning down to 17.5 The number of shorted shares 1150951 so if they go off the list tomorrow ie closed position at 17.5 that 1150951times 1.5 equals $17264 profit not bad just for a few negative posts
Its no good complaining about the SP and selling lower you play into the hands of the shorter hold and the price will stabilize perhaps even rise
Announcements are the thing that really move the SP and once the price begins to go the downwood pressure will dissipate. The profiteering is only done on a very small number of shares.There is a large number of long term holders out there and their patience will be rewarded IMO
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.55M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $87 | 7.848K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 805438 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 490461 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 805438 | 0.011 |
2 | 1300000 | 0.010 |
3 | 636111 | 0.009 |
2 | 562620 | 0.008 |
5 | 975102 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 490461 | 2 |
0.013 | 1380000 | 4 |
0.014 | 200000 | 1 |
0.015 | 928798 | 4 |
0.016 | 1200000 | 2 |
Last trade - 15.57pm 29/07/2024 (20 minute delay) ? |
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