premature celebrations, page-7

The Australian share market is a fickle place, but by this very nature, allows investors to make money.

VRX is a good case in point. VRX should have run hard on its phase 1 drill results. The result? Opens flat at 25c, runs to 30c, then closes the day at 24c. Within days its at 18c. It fades all the way down to 12c over the next month.

The phase 2 results are released. They look VERY similar to phase 1 results. Opens at 26c 3 days ago, and today it hits 60c.

What changed? Why does one result in a fizzer, and the other a runner?

When ISN released deals about the Omron deal, it opened at 1.6c, spiked to 1.9c, then closed at 1.6c. Within days it faded to 1.2c.... even got sub 1c over the next month....

All the ISN holders are hoping yesterdays announcement is like the Phase 2 VRX drill results..... (well I am anyway).

There is no reason why ISN isn't running past 5c as we speak, but alas, the market is fickle, and some of us continue to hold and wait until the market sees the value that we do.

This is why I am so excited about the Nasdaq listing. US investors are not as fickle as us IMHO.