The way that I am playing this today- bought and sold 3 times- assuming that any bounce today is of the dead cat variety.
The more that a stock falls on a earnings release day- the more attractive it looks- but the more it drops on day one then the more likely than not that it will continue to drop the next day and perhaps a third. Then gradually over a period of time with further cats getting involved here and there. This I believe to be true.
The above is based on my understanding of the Post Earnings Announcement Drift phenomenon.
What I love about this stock is that you only have to be right sometimes.
IMHO DYOR
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Last
$2.28 |
Change
0.010(0.44%) |
Mkt cap ! $822.8M |
Open | High | Low | Value | Volume |
$2.25 | $2.29 | $2.24 | $172.3K | 76.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 3859 | $2.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.28 | 3460 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1301 | 2.280 |
13 | 3827 | 2.270 |
13 | 9047 | 2.260 |
8 | 7992 | 2.250 |
6 | 7346 | 2.240 |
Price($) | Vol. | No. |
---|---|---|
2.290 | 2870 | 7 |
2.300 | 3614 | 6 |
2.310 | 3081 | 4 |
2.320 | 2092 | 2 |
2.330 | 4387 | 4 |
Last trade - 10.21am 22/08/2024 (20 minute delay) ? |
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ASB (ASX) Chart |