The share confirms my long-held view of market in general and very much so of the Australian market
It reminds me of the old saying that: There are three kinds of people in the world
there are those that make things happen
there are those that watch things happen and
the rest wonder... what @$%% just happened
WE the minnows are #3
The other thing being is that whatever there is needing to be known, there are those in the market that know it well before anybody else and act accordingly.
By the time the taxi driver is tipping you off about a "great" stock... those in the know have been in... have taken their profit and are now out and they leave it to the minnows to fight for the dregs
That's the only way to explain how a good announcement - perhaps not a great announcement - but certainly a very good announcement leads to a 30% instant drop in a share price
I sold early today for a small loss
PTR Price at posting:
29.0¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)