I might do some addition later and work out exactly how many shares have been sold since we were last at 50c.
Obviously in hindsight it would have made sense to dump at high 40's and buy back when we see a bottom, but to watch every day the amount of shares being poured out has just been painful..
Where has the extended selling come from day in day out?
Surely at this point everything going out is being done at a loss, but it just never ends.
Perhaps when there is a genuine technical turn around a lot of money will come back in, but clearly there are oodles of shares ready to continue exiting every day we don't see that turnaround, and no where near enough demand to support it.
I said it a week ago, but I would not be surprised to see 30 cents if something major doesn't change...
Feeling everyone's pain..
Bring on some big results for T20...
MOD Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held