The answer to the subject heading is of course simple.
Manipulators (as boilers calls them "those demons") have engineered the Share Price. They have engineered it when it went up and they have engineered it through the so called "dump. What is good though, is that the "dump" has occurred on minimal volume of shares. Just a handful of, mainly, constantly CHURNED shares. This being the case, it is therefore not really a "dump", as some would have you believe.
Because of these games, the current share price is therefore meaningless - it will sort itself out in due course. Depending on ongoing achievements, the share price by 2017 or before could end up being 0.001 cents or it could end being much much higher - 20cents? 50cents? $1.00? $1.22? $3.26? - who knows?
The fact is that the current share price is not important. Fundamental are! Fundamentals are excellent - IMO.
All Good!
- Forums
- ASX - By Stock
- why is the sp going down.
The answer to the subject heading is of course...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $469.0M |
Open | High | Low | Value | Volume |
32.0¢ | 33.0¢ | 31.8¢ | $803.4K | 2.491M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 41069 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 232559 | 33 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 41069 | 0.320 |
15 | 173890 | 0.315 |
11 | 245287 | 0.310 |
19 | 300027 | 0.305 |
24 | 431323 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 232559 | 33 |
0.330 | 289878 | 10 |
0.335 | 97463 | 5 |
0.340 | 110000 | 4 |
0.345 | 185143 | 7 |
Last trade - 15.50pm 14/10/2024 (20 minute delay) ? |
Featured News
IMM (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online