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.
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I think we are seeing what is not there, and what’s actually...
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Last
$3.68 |
Change
0.140(3.95%) |
Mkt cap ! $638.2M |
Open | High | Low | Value | Volume |
$3.60 | $3.68 | $3.52 | $3.775M | 1.048M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4112 | $3.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.68 | 4101 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.980 |
1 | 4986 | 0.970 |
1 | 1036 | 0.965 |
2 | 32659 | 0.960 |
2 | 41512 | 0.940 |
Price($) | Vol. | No. |
---|---|---|
0.990 | 1 | 1 |
1.000 | 42518 | 3 |
1.010 | 10000 | 1 |
1.020 | 25000 | 1 |
1.040 | 18507 | 4 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
CAT (ASX) Chart |