I opted out last week at .71c when it started to go sideways - i though it might retract and after finally having some good profit i took the risk and sold. Not that im happy to see the SP where it is "its below what i paid back in may".
I am surprised and didnt expect it to come down as hard as it has - and i believe that it is being oversold. Large increase in Shorts yesterday which is just part n parcel of Small caps now on the ASX. People taking profit or getting stopped out is obviously in play as well.
TDAs is spot on - the market is looking at the the lower end of SP value with this kind of reaction - the ability for the company to deliver outstanding results "as in contracts" in a proven product will only increase over the short to medium period. Profit is important for sure but given that there will be new agreements and income form them i feel that its currently being focused on to much.
For me UNS needs to establish a new support level in the US before i will be back in, i still believe its a winner i am just hopeful of being able find a happy entry point. Tonights market will hopefully give me that indication one way or another.
Cheers
- Forums
- ASX - By Stock
- UNS
- Overdone
Overdone, page-14
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UNS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online