Pretty dark and depressing day no matter how you look at it - but I think there is merit in considering the following
1. Sector as a whole was down (as FH pointed out much more eloquently than I can ever hope to)
2. There was a massive range of buyers in the 70+ range - so I'm guessing a shed load of stop losses got triggered today, especially at the start of the day where I saw a 10% drop in almost within a few minutes.
3. I've only just finished looking through the report in detail, and I agree; I think it's painting a great ST and LT picture for TON.
4. The tweet last week spoke about a consistent amount of info being released - which makes me think the DD results will be with us any day.
While I don't have a crystal ball, I look at the above points and it paints a pretty clear picture to me - if one can weather today's storm, and be left standing, then the potential upside is great.
My pick is a rebound tomorrow - the entry point now is brilliant, and we have hovered around the mid 5's to 6 pretty much all afternoon - so there is a perception of great value at this price point.
I'm not buying any more at this point in time - and yes, it would have been great to sell at high 8's! But I, for one, am left standing after today, and I will remain standing.
I believe in the TA, and I believe that the risk of jumping out now (when I don't think the price will drop further), is far outweighed by the upshot potential of the DD results based on the huge scope of area released in the ANN today.
GLTA
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.25M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 326857 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 352520 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 326857 | 0.010 |
6 | 1501151 | 0.009 |
7 | 1970529 | 0.008 |
7 | 1817850 | 0.007 |
2 | 416660 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 352520 | 1 |
0.012 | 639279 | 6 |
0.013 | 1538461 | 1 |
0.014 | 200000 | 2 |
0.015 | 1333333 | 1 |
Last trade - 16.12pm 17/07/2024 (20 minute delay) ? |
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TON (ASX) Chart |
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