"Looks like the party is finished and we are heading back from where we start."
Hi, I believe that to be an overstatement. Anyone that buys/invests in stocks should realise that its demand versus supply that determines price on any given day and dependent on the ratio can change and create some volatility.
One of the problems is that some tend to panic when there is a small retrace that clouds the fact the stock is in an uptrend AND imo for very good reasons, namely we are getting ever closer to the well publicised interim results. Nothing has changed fundamentally during this recent uptrend but some of the punters are easily spooked by the day to day market moves. Small pullbacks such as today are that common with stocks I really cant understand why people treat them as if the world has caved in.
For mine, the stock has zig zagged up/down recently from a low in the 9s and has got to a high in the 19s, a dramatic increase. Do I worry about a small pullpack on any given day? My answer, I dont! Do I accept that some will take some money off the table given the size of the recent run? Absolutely! Do these daily fluctuations impact my view of the company? Absolutely not!
I look forward to considerable upside leading up to the results. I also am conscious that much depends on results being positive and I wont know the conclusive position until they are out. Just my views and opinions. dyor!
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Last
40.5¢ |
Change
0.040(11.0%) |
Mkt cap ! $588.3M |
Open | High | Low | Value | Volume |
37.0¢ | 40.5¢ | 36.8¢ | $1.822M | 4.681M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19739 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 45420 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19739 | 0.390 |
2 | 28000 | 0.385 |
6 | 50173 | 0.380 |
2 | 38500 | 0.375 |
3 | 82324 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 183750 | 2 |
0.415 | 15231 | 2 |
0.420 | 452907 | 6 |
0.430 | 38735 | 2 |
0.440 | 12636 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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