EML 2.54% $1.01 eml payments limited

There is virtually no supply down here in these silly low prices...

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  1. 67 Posts.
    There is virtually no supply down here in these silly low prices except for short sellers borrowing shares and selling in the hope of it going lower and so buy back cheaper , (it works on the "greater fool" theory--believers that the price will keep dropping)but they are now very likely to get burnt since yesterday's fast recovery needing short covering and was an indication long buyers were wanting to buy also at the cheap prices , restricting short seller buy-backs and since no ordinary holders want to sell at these silly prices and short sellers are worried about getting burnt ,supply has dried up.At these prices long buyers will pounce to buy (long buying is a safe bet either way ,if it goes lower ,you keep buying cheaper as it will eventually get back to true value ,if it goes higher it is still so far under good value that buying will still turn a very nice profit). So I'm still buying.Small parcels all add up over time. The shorters can do what they like ,provided they keep selling to me at silly prices.
 
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Last
$1.01
Change
0.025(2.54%)
Mkt cap ! $252.1M
Open High Low Value Volume
98.5¢ $1.03 98.5¢ $4.678M 4.654M

Buyers (Bids)

No. Vol. Price($)
1 500 $1.01
 

Sellers (Offers)

Price($) Vol. No.
$1.02 4414 1
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
EML (ASX) Chart
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