No one is saying that at all. Just because it opens at 10c doesn't mean it's worth that, it means that everyone is suddenly getting on the QBL train and buying because of the hype, but just as many will get off the train and see it finish the day or week at 7c or less.
Amazon hit $2000 a share but just as quickly dropped back to $1400 or something. What the company did something in a month to make them worth hundreds of millions less... No. People just took profit and sold shares.
All this talk of market cap is fair enough for long term, but short term it's the people who decide the price
- Forums
- ASX - By Stock
- CGB
- Opening price prediction
Opening price prediction, page-48
-
-
- There are more pages in this discussion • 29 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 CGB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online