Not just yet. Some numbers using ASX data only, not ChiX.
- in the last 118 days of trading, the average No of trades was 5025 per day and the average shares per trade was 640
- in the last eleven days since the price dropped the average No of trades was 9051 and the average shares per trade was 1000
Roughly thats a 4 fold increase in volume, and also there is a lot of single share (bot?) trading going on now trying to hold the price down.
Either the shorters are holding it down whilst they cover, or instos are doing it whilst accumulating.
Today they tried to drive it down to 6.60 or less with no luck. That suggests retail buyers are keen and propping it up. When that nonsense is over, I'd say she'll bounce back up to $7+.
Thanks for your take on whats happening!
