Because it's the ASX/Hotcopper. Seen this happen with AZK and POK a plenty. Stock gets hyped on news, trading goes crazy, then good announcements come out and it gets dumped. Meanwhile the smart money has already snuck in and gone by the time the masses are on it.
Usually the signs to get out of the stock are when:
10x new posters appear in the forum
90% of posters are hyping it
100 new threads start appearing each day
Talks of 200-400% increases
By the time this has happened, the early trwders traders have made their 100-200%, or the big guys have made their 20-30% on very big bundles.
*insert warren buffet quote*
*insert that graph of a typical stock*
Might see 4c + again in April when the road shows are done. Till now you're either trapped or you panic and sell at a loss.
All imo dyor etc
I'm going to do what I did last year with AZK and just keep calm, turn the screen off, and check back in 4 weeks to find a more realistic price.
Good luck
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