Excellent post. I particularly like the last paragraph, as I woke up thinking similar. If $5.50 odd was considered a reasonable equity raise price, you'd think ithe share price would at least hold that. $5.50 being likely a minus 20-30% of the real value at this point in time? $3.50 was a general support level prior to this acquisition. So if the company was worth $3.50 as an Australian player, what's it really worth now? Very rudimentary TA, and not advice. All IMHO - DYOR.
$10 Party, page-787
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$1.46 |
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| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
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