I think we are worrying because the sp has gone down to that level and we are afraid of loosing our money. That's a natural thing.
But why is the sp down ?
Was there any news that clearly stated that the company is going to bust any moment ?
Or are we interpreting too much in Glenns decisions at first to run for the directors job and then to resign ?
Look at CNP / CER, VPG, BNB, they all were nearly dead and their sp very close to the bottom line. But who did bring it so far down ? The company, the ASX ? NO !!!!!!!!! Traders like us who were selling. When no one sells, sp can't fall.
But too many buy without thinking just hoping to make a quick buck and if it doesn't happen within the next minute, they sell. They are fighting for each little bit when it goes up, but don't care about big steps when they sell down. There was nothing published between sp 0.007 and 0.001 that should have justified that fall. But it only takes one impatient big seller to start the snowball effect.
Guess what, I will be sticking to it. My maximum loss could be $ 2200, but if everything turns out well, it will be rewarding. This time I will not listening to my wife, even if it means, you know what it means.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.03M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $50 | 10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 509714 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 7571748 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 509714 | 0.005 |
9 | 6448950 | 0.004 |
4 | 1609426 | 0.003 |
3 | 6452500 | 0.002 |
2 | 16000999 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 7571748 | 11 |
0.007 | 7984731 | 8 |
0.008 | 1423907 | 3 |
0.009 | 1500000 | 2 |
0.010 | 1200000 | 1 |
Last trade - 14.31pm 15/09/2025 (20 minute delay) ? |
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