People all buy, hold and sell for so for different reasons.
You see this play out all the time and I've seen it play out with PNV from my first entry at around 17 cents a number of times.
This kind of volatility is all normal at this end of the market. One week it rallies, 20% the next it gives it back, and so on.
Some guys can trade this succesfully but the stats show the odds are against you as most traders do no make money in the long run.
As for me, my understanding of the fundamentals and progress of the company (not its share price) and my own valuation continues to give me the confidence to believe this is going to be worth much kore than today's price in a few years time.
PNV - Chart, page-1833
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Last
$2.54 |
Change
0.120(4.96%) |
Mkt cap ! $1.754B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.54 | $2.43 | $4.835M | 1.931M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 81780 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 5610 | 4 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| PNV (ASX) Chart |