Today is a very different trading day compared to the previous many days. More considered investors tend to start accumulating once the market cap breaks above 100m as to many funds. Day 1 of most announcements is generally characterised by knee jerk buying. By 11:00 AM AEDT we should see how today will end-up. The smart money generally wait to take a significant position, they will wait for markets to settle before starting to buy. Punters generally open the market and the smart buying Professionals buy later in the day and close the market.
Either way I’m happy I loaded up when most were selling out of gear the company had liquidity issues. Now I just watch and grin.
Add to My Watchlist
What is My Watchlist?
