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clock Created with Sketch. 24/10/17
21:05
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Originally posted by roninvest
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I was thinking to myself that it has to come down when it hits $4.5, and then it goes to $5.5, and then $6.5, and guess what today almost $7.5... and I am kicking myself every single day as I sold half of my holding before $4 (Maybe the directors themselves too??? lol). Here is my attempt at explaining the recent surge...
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Small amount of SP upside at best I would say. Also the resent surge in share price has more to do with technicals, rather than fundamentals (short term momentum traders). With that said, the SP can not keep rising, faster than the growth. Which is currently running at a rate of less than 60% of the SP. Something has to give sooner, rather than later. People can call it what ever they like. To me its simply called a bubble.
(20min delay)