Cuppa, Let's do a bit of arithmetic.
Firstly, pre consol:
How many pips between $0.02 and $0.03. Of course the answer is 10.
Secondly, post consol (Assuming 20:1)
How many pips between $0.40 and $0.60. Of course the answer is 20. (40 if allowing for half cent pips)
The common conception that pip trading is more difficult post a consol of a penny stock is, in reality, absolute rubbish.
The fact that the market accepts this b/s goes to show how irrational it is.
People just like big numbers of shares at a small price, rather than small numbers of shares at a big price. [Hey bro, I just bought 2m is a lot more ego boosting than buying only 100k.]
Still, that is the way it is in this crazy game.
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $386.7M |
Open | High | Low | Value | Volume |
3.8¢ | 3.9¢ | 3.8¢ | $134.8K | 3.498M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 1738258 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 494405 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 5665336 | 0.018 |
14 | 3997559 | 0.017 |
6 | 2974375 | 0.016 |
10 | 3219799 | 0.015 |
4 | 497500 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 400000 | 2 |
0.020 | 5410946 | 12 |
0.021 | 8494780 | 17 |
0.022 | 8757253 | 13 |
0.023 | 4826614 | 8 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
IMU (ASX) Chart |