I agree with you that the psychology of the trader is important. I have owned FAR shares for 10 years but when the shares were languishing at 2.5 cents and nobody was buying, I did something I never did in the past. I took out a loan and started trading millions of far stock at a time. Suddenly the stock started moving again. It was probably everyone worrying they would miss out and thinking the big players were coming on board. The price moved quickly to 3.5 cents and took on a life of its own.
It will just take one big buyer to move in and everyone will jump back in worrying they will miss the ride.
I agree with you that the psychology of the trader is important....
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Last
47.0¢ |
Change
0.015(3.30%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.0¢ | 45.5¢ | $82.32K | 180.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 125569 | 6 |
View Market Depth
| Last trade - 15.47pm 21/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |