it dropped 8% on $58 000 worth of shares today. That’s a piddling amount, not a dump. Similar volumes with prior falls. There aren’t many buyers or sellers at the moment. It’s illiquid and volatile. If you think you can day trade it, good luck to you. If you are holding for the long term then the volatility is just a reflection of its junior status and is just irrelevant noise in my opinion. The share price will rise in due course as long a the thesis pans out and the funds will come in when the liquidity allows them to. I like it when a stock is in the green and it’s going up each day but I’ve made my best returns when my buying is in the ‘below the radar” zone just like BB1 is right now. I like hunting for stocks that have the capacity to be ten baggers I think this has the potential in this case without any requirement for a lottery style win. It just has to replicate what it has already achieved and pass the regulatory hurdles. But to get the ten bag returns you have to stay with it despite the volatility. In my opinion if you get caught up in the emotional roller coaster of daily share fluctuations you are unlikely to still be there for the whole thing.
BB1 Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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