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clock Created with Sketch. 22/07/21
08:22
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Originally posted by ASXtrader30
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It was pretty popular on the day trader’s forum, so I’m guessing your fears that the buyers are purely looking to flip for a quick profit will eventuate. Hence, the end of the day sell off we observed as it fell from intra day highs and closed at intra day lows (typical of a day traders stock). I’d say this indicates further declines for this stock, given the apparent lack of interest from long term fundamental investors compared to day traders who don’t care about fundamentals. This stock is clearly not anywhere near investment grade yet!
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Cool story, but did it have to take four paragraphs?
