You'd be a fool to think that a red day for the SP, has any bearing on the progress, management, or "rating" of a this company.
Fact - The ASX is Irrational
Fact - Too many "investors" take advice social media platforms (evident by the GME fiasco)
Fact - Many shareholder don't understand what they have invested in (tech wise)
Fact - Retail investors trade on emotion and jump ship on a declining SP
Fact - Stop losses accelerate selling pressure
Fact - Bots are manipulating this SP (evident in micro-trades)
Fact - NDEs are preventing company announcements
Fact - Many investors want to see revenue to gain confidence in a company - this isn't to say that the product isn't on point though; Tesla is a great example of this.
I'm not saying that the lay of the land is perfect, but its certainly better that the SP indicates.
2021 BRN Discussion, page-5324
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $382.6M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 18.3¢ | $2.707M | 13.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 93761 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 829397 | 11 |
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| BRN (ASX) Chart |