It takes only 2133007 shares to push the price from 40 cents down to 10 cents
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
0
Security
Date
Open
High
Low
Close
Volume
1
DXF
18/05/2017
0.1
0.1
0.09
0.094
241122
2
DXF
17/05/2017
0.105
0.105
0.105
0.105
69428
3
DXF
13/05/2017
0.11
0.11
0.11
0.11
29546
4
DXF
12/05/2017
0.11
0.11
0.11
0.11
29546
5
DXF
11/05/2017
0.11
0.11
0.11
0.11
1
6
DXF
10/05/2017
0.115
0.115
0.115
0.115
35000
7
DXF
9/05/2017
0.115
0.115
0.115
0.115
47261
8
DXF
8/05/2017
0.12
0.12
0.115
0.115
195500
9
DXF
2/05/2017
0.15
0.15
0.13
0.13
48121
10
DXF
1/05/2017
0.135
0.14
0.135
0.135
67822
11
DXF
28/04/2017
0.14
0.14
0.14
0.14
14178
12
DXF
27/04/2017
0.135
0.14
0.13
0.14
194144
13
DXF
26/04/2017
0.14
0.14
0.14
0.14
102214
14
DXF
24/04/2017
0.14
0.14
0.14
0.14
4000
15
DXF
20/04/2017
0.14
0.155
0.135
0.155
159500
16
DXF
19/04/2017
0.155
0.155
0.135
0.135
295000
17
DXF
12/04/2017
0.17
0.175
0.17
0.175
33720
18
DXF
10/04/2017
0.17
0.175
0.17
0.175
53000
19
DXF
7/04/2017
0.185
0.19
0.175
0.175
291280
20
DXF
6/04/2017
0.23
0.23
0.2
0.21
125335
21
DXF
4/04/2017
0.215
0.22
0.215
0.215
16768
22
DXF
6/03/2017
0.28
0.28
0.28
0.28
21421
23
DXF
3/03/2017
0.32
0.32
0.31
0.31
59100
24
2133007
Then it takes, 1029363 shares to push price from 10 cents down to 5 cents
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
0
Security
Date
Open
High
Low
Close
Volume
1
DXF
14/08/2017
0.056
0.056
0.055
0.055
100000
2
DXF
10/08/2017
0.063
0.065
0.063
0.065
99635
3
DXF
9/08/2017
0.066
0.066
0.066
0.066
21334
4
DXF
8/08/2017
0.068
0.068
0.068
0.068
12075
5
DXF
7/08/2017
0.07
0.07
0.07
0.07
3800
6
DXF
3/08/2017
0.073
0.073
0.073
0.073
30996
7
DXF
2/08/2017
0.075
0.075
0.075
0.075
500
8
DXF
28/07/2017
0.087
0.087
0.085
0.085
100503
9
DXF
7/07/2017
0.087
0.096
0.087
0.096
101168
10
DXF
30/06/2017
0.087
0.087
0.086
0.086
252500
11
DXF
23/06/2017
0.087
0.087
0.087
0.087
37657
12
DXF
19/06/2017
0.087
0.087
0.087
0.087
2399
13
DXF
16/06/2017
0.087
0.087
0.087
0.087
3
14
DXF
15/06/2017
0.088
0.088
0.088
0.088
2498
15
DXF
14/06/2017
0.087
0.088
0.087
0.088
50098
16
DXF
13/06/2017
0.087
0.087
0.087
0.087
2
17
DXF
8/06/2017
0.091
0.091
0.091
0.091
2
18
DXF
7/06/2017
0.093
0.093
0.093
0.093
1
19
DXF
6/06/2017
0.092
0.095
0.092
0.095
55000
20
DXF
31/05/2017
0.092
0.096
0.092
0.096
100000
21
DXF
24/05/2017
0.096
0.096
0.096
0.096
29400
22
DXF
23/05/2017
0.105
0.105
0.1
0.1
11000
23
DXF
22/05/2017
0.095
0.096
0.095
0.096
18787
24
DXF
19/05/2017
0.091
0.095
0.091
0.095
5
25
1029363
In all, it takes only 3 million shares to push price from 40 cents down to 5 cents..
That is a very very small volume, compare to 517 million shares issued.. This indicate to me that, no large holders is dumping their shares.
What it indicate is that, this stock is very illiquid. There is no buyers.
Price dropped from 40 cents to 5 cents does not mean, there is something seriously wrong with the stock. What it mean is that a holders is wanting out badly, and willing to accept ridiculous price
Unlike XPD where there is a short sellers deliberately pushing price down. There is no short sellers here. Just a sellers, want out really really bad
DXF Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held