OAK 0.00% 6.9¢ oakridge international limited

XPE Lounge, page-2113

  1. 1,242 Posts.
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    Well,
    It's been a busy week.
    So ... what happened?

    We had a trading halt, and an announcement which created some excitement. There was some demand, the price increased and the demand was exhausted.
    But the supply wasn't. Where did that come from?

    1. Traders, holding back then jumping in as it reached the peak.
    2. The note holder, who has been running an ever decreasing value algo to offload a large number of shares.
    3. Those who took up the share offer, with the comment "I'll sell the same number to cover the cost at 3.3c, and enjoy the "free" options".
    4. The holders who have had enough and were covered by the increase, so sold.

    What happened then?
    The price went down, and because of the exhausted demand, it kept going down. As we headed into the sub SPP value, demand vanished, and our friendly algo kept pushing - because he has a plan in mind!

    So what is he doing? There are a LOT of unconverted notes - just waiting for a low sp to convert at a ridiculous rate - and the opportunity is here! It was a VERY small investment today to get the SP down to 2.9c .... have a look at the price vs volume chart ... small sales at the right moment, and pulling a prop at the right time, and suddenly the sp is at 2.9c.

    Last time it was 3.2c, to arrive at a value of 2.6c in real terms. What will that turn into in real terms once the notes are converted, at 2.9c (or lower, if they can get two days at that level)?

    So .... we are in for some turbulence. But this needs to be kept in mind, if you hold this stock. There are reasons for the price movements, and as long as you understand them, and see past them, it won't seem like the end of the world every time the price drops.

    That was a great announcement this week. It puts Xped in a good position, and if the sales come , the visibility will grow, and they will win more contracts. Snowballs roll down hills and get bigger until the momentum is too great to overcome.

    Perhaps Xped can do this.... they have the tech.
 
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Last
6.9¢
Change
0.000(0.00%)
Mkt cap ! $1.862M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 91166 6.9¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 182500 1
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Last trade - 16.12pm 16/07/2024 (20 minute delay) ?
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