CYL 2.60% $2.62 catalyst metals limited

From 60 to low 40s?, page-2

  1. 62 Posts.
    The vast majority of current sellers interpret around or above a 0.5 price for Catalyst. The majority of people buying Catalyst are long term medium term investments that can see the huge potential for potential resource upside. They are selling at a price based on current fundamentals.
    I suspect people that caught the short term ride are struggling to get out given limited buy volume, at least at this point in time with no news catalyst. Because the sell orders outweigh the buy orders the "low price of the first buy quote" "potentially a panicking short term trader" drops the price much lower, then what the rest of the sellers are thinking. The logic would for me would be that given that there are barely any buyers currently, it is useless to follow panic suit. If a short term trader, i would be utilising a news event as an exit. I interpret poor decision making to sell now, as the buyers are very easily letting suckers give them cheap shares. but everyone has different justifications amd context.
    Last edited by anderton88: 04/04/16
 
watchlist Created with Sketch. Add CYL (ASX) to my watchlist
(20min delay)
Last
$2.62
Change
-0.070(2.60%)
Mkt cap ! $598.3M
Open High Low Value Volume
$2.71 $2.74 $2.50 $3.360M 1.290M

Buyers (Bids)

No. Vol. Price($)
3 12552 $2.59
 

Sellers (Offers)

Price($) Vol. No.
$2.64 9447 3
View Market Depth
Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
CYL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.