I agree but this is exactly what happened last week.
Down trend all week bar three hours on Wednesday, closed 1.24 on Thursday. Opened Friday $1.25, peaked $1.335 ended $1.31. Back to $1.22 by 2pm Monday.
I say punters like the Friday, since there is more time for results to come through. Although, I'm not even sure if these labs run on weekends. Would be interested to know.
Either way I'm not trading it so news Monday or next Friday means little to me. Personally, I just like todays pump more than anything to show people that no one really knows which way the market will go. The number of people this week that were adamant that the SP would fill the gap at $1.14 because support broke. Craziness.
Truth is no one knows, so for me, why take the risk. People that sold out waiting for $1.14 could now be panicing buying back in at a 8% premium.
God forbid news dropped this morning. Key is stick to your plan. Not anyone elses and you'll make money if you invest in undervalued companies.
Like this one.
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62.0¢ |
Change
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Mkt cap ! $129.8M |
Open | High | Low | Value | Volume |
57.5¢ | 62.0¢ | 56.5¢ | $331.3K | 554.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7445 | 61.0¢ |
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Price($) | Vol. | No. |
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62.0¢ | 14999 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 7445 | 0.610 |
1 | 3200 | 0.605 |
2 | 78200 | 0.600 |
3 | 14986 | 0.595 |
4 | 17598 | 0.590 |
Price($) | Vol. | No. |
---|---|---|
0.620 | 14999 | 1 |
0.625 | 15000 | 1 |
0.630 | 999 | 1 |
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0.645 | 14870 | 1 |
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