Nothing absolutely nothing that gets posted on hot copper will move the price of a $6b company - hot copper posts may have some influence on the micro cap stocks but even on them I think the influence is negligible .
There is a lot of expectation being placed on tomorrows announcement clearly its going to be a cracker but it will have to blow the market out of the water to get anywhere near the $10 or $11 that has been spruiked here - I would expect its more likely to be a sell the news event- its had a stellar run recently and nothing goes up in a straight line ,profit taking pullbacks are inevitable and a normal healthy part of the market
Speaking of pullbacks - I am getting a bit concerned about the "V" recovery in Yank land after their correction - looks like a high degree complacency and FOMO creeping in - I would have preferred a more gentle rise
Chart update, page-8698
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Last
$6.77 |
Change
0.190(2.89%) |
Mkt cap ! $4.894B | |||
| Open | High | Low | Value | Volume |
| $6.64 | $6.80 | $6.62 | $8.993M | 1.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5191 | $6.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.82 | 2584 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |