Massive share price fluctuations are just a reflection of impulsive market sentiment on announcements especially when some share traders hop in to make (or lose a quick buck).
The volume says it all, when the dust settles and the volume normalises then you will get a clearer picture of market sentiment and the direction of share price.
I think it's interesting that media report CLZ volume and price as positive yet fail to mention that it's still down 76% after consolidation not that long ago (a trait of a true gambler ) !
Obviously if you are just a day trader or opportunistic trader it doesn't matter for a quick trade.
I used to day trade a lot and the first thing I would do each morning is scan the volumes at pre-trade open with matching announcements! You wouldn't even look at the history of the company as some trades would just be for a few minutes in and then out!
I'd be interested in hearing from any new holders to see what due diligence they did if intending to hold long?
- Forums
- ASX - By Stock
- CLZ
- Ann: Classic secures $10 million to take Kat Gap to production
Ann: Classic secures $10 million to take Kat Gap to production, page-180
-
- There are more pages in this discussion • 59 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 CLZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.544M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CLZ (ASX) Chart |
Day chart unavailable