By the end of todays trading, probably a touch over 18 mil shares would have been traded on the ASX, unsure of the Chi-X, but maybe another 10-15 mil for the Week.
This ain't all 3 cent 3B's hitting the table. Last transaction only 4 mill converted towards end of Feb.
As a trading stock, the past month would have been very profitable, you could have easily made maybe 5 or 6 trades with a 1/2 cent margin if you could pick the peaks and troughs, not so difficult when the price has fluctuated between 5 and 6.5 cents. A Day Traders dream.
Trading this one is not for me, too worried about getting caught with my pants down if/when that big announcement is made.
No need to bash the Brokers, they are doing their part, and if they contribute to keeping the SP at these low levels, whilst I accumulate more, thank you.
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