I think we are seeing what is not there, and what’s actually there we are not seeing. No apparent reason for a drop from $1.20 to 73c, if Q1 was not good, why it appreciated 25% in a day. Furthermore a guidance was reconfirmed and contracts were won after guidance confirmation. I sense no bad news, it is just a tactic to buy your shares cheap, look for a quick reversal before the Q2 report or even a TO or merger.
Apparently looking at a order book, buying $100k worth of shares can quickly bounce a price to 90c plus. So, $100k can change a mar cap in multi millions. I will be worried if there is a large volume sell with a negative news, not a case here.
Comparison with the competition, page-33
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Last
$3.42 |
Change
0.030(0.88%) |
Mkt cap ! $638.2M | |||
| Open | High | Low | Value | Volume |
| $3.41 | $3.51 | $3.34 | $5.142M | 1.509M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $3.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.47 | 6413 | 2 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| CAT (ASX) Chart |
