Well said. These kind of situations attract a lot of day traders who are betting on a short term gain (dead cat bounce).
Have a look at Dick Smith's trading as an example (not suggesting CLA will follow Dick Smith).
If there is a dead cat bounce tomorrow, expect a lot of exits.
Ann: Opuwo Project Update and Board Changes, page-379
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Last
1.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $17.25K | 1.725M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 6331761 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 2993278 | 7 |
View Market Depth
| Last trade - 11.08am 28/11/2024 (20 minute delay) ? |
| CLA (ASX) Chart |
