re: who was it that said...cr8 did 30 times
It is a bit monotonous. You were the one cr8 continuously touting 5c as the resistance that would be broken and then into blue sky.
How many times do you hear when someone's prediction doesnt come true, that the smart money is buying, there's accumulation going on, exchange from patient to impatient, its just a shakeout, stop-losses are useless, oh Im still 40% up so it doesnt matter...etc etc
From a charting perspective yesterday's sell-off and break through support and 10-day MA and so on was a clear indication that the shareprice was faltering short-term.
Today's results whilst aligned with general expectations, has not exceeded expectations, so short-term you would expect weakness in the shareprice as profit ann was already factored in.
The question is what will drive the shareprice next? On the basis that they are announcing quarterly results from now on, there is little to push the price up in the short-term. The annual results are basically known, so there shouldnt be any drive from there. The recent indication that they are not going to upgrade production capability appears to be a negative, and certainly the drive of a potential production upgrade to shareprice is no longer applicable. The only thing that can now help the price short-term is a decent contract announcement or acquisition news, both of which dont generally happen overnight.
At least now can go back to realistic conversations on a company with potential and facts, rather than these insane predictions inspired by the recent price rise.
Cheers
TOX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
