Thats what churn & consolidation is all about Froogy.
People have just come through one of the worst stock market slumps in history. Many have held onto plummeting stocks & seen their fortunes, nesteggs & super funds slashed & burned!!
So suddenly their shares & trades start making small profits & so what do they do? "I am not going to miss out on my profit", and they sell, locking in profits - often way too early.
I wonder how many have done that with EXT? Heaps I reckon. They are doing the same with BMN. Still have nervous trigger fingers, and are prematurely locking in their small gains - way too early. New buyers though are becoming more bullish, have higher goals, and are often free of the painful memories some had, who might have bought at $3 and saw it plummet to 22 cents!! Then suddenly it all starts to come to a head: A big buyer wants stock, there is suddenly a share squeeze, traders want a piece, old holders want to get back on board, etc etc, and suddenly the horse is out the barn & off.
Slowly we see the tide turning.
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Last
$3.33 |
Change
-0.200(5.67%) |
Mkt cap ! $594.7M |
Open | High | Low | Value | Volume |
$3.50 | $3.50 | $3.32 | $2.134M | 629.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | $3.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.35 | 7300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 3.310 |
2 | 18000 | 3.300 |
1 | 2932 | 3.290 |
2 | 13000 | 3.280 |
1 | 3048 | 3.260 |
Price($) | Vol. | No. |
---|---|---|
3.400 | 10000 | 1 |
3.430 | 6300 | 2 |
3.470 | 4000 | 1 |
3.500 | 14347 | 2 |
3.530 | 9100 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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BMN (ASX) Chart |