The AFR article is so f'ing lazy and sloppy. I find it hard to believe it got through editor's approval.
The real story about IOU and share price is that there are 2 distinct forces at work - that are parallel and somewhat independent.
1) the building of the business
this company is coming together piece by piece - each brick is a key to future success - the number of onboarded merchants dictates the number of potential future transactions - total $ transactions dictates the ultimate value of the business - IOU makes money today; builds more opportunities for itself today; to make even more money tomorrow - that trajectory is unfolding at speed - IOU is moving forward as fast as any tech company can reasonably travel - so we don't have to wait very long for progress
2) the demand for shares
share demand moves in waves - it trends - hence technical analysis - sometimes the SP rises way too far too fast - sometimes it plummets - even though the company is making steady progress - this is SP action - humans are sheep - the follow the herd both up and down. There is no definitive logic to the SP of a tech company who is growing - its a moveable feast - the SP on any given day is not even a rough guess of value - its a random number created by all the bedwetters and optimists moving in every direction - it could jump 15% on opening and go under opening price by lunch - no rhyme or reason - just price action.
When these jumps start to 'pattern' there are obvious trading opportunities - so you may well want to have a holding parcel and a trading parcel - and see if you can time it right - or you can just wait for the inevitable SP appreciation as the company grows.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.090M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $185 | 42.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 3775590 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 6807357 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 3775590 | 0.004 |
25 | 14458699 | 0.003 |
10 | 15205000 | 0.002 |
6 | 20799999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 6807357 | 16 |
0.006 | 3888638 | 9 |
0.007 | 1853165 | 6 |
0.008 | 1685714 | 4 |
0.009 | 1100000 | 2 |
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