The market's only been open for a couple of hours and most people are on holidays.
It's best to think about future SP movement as a range of possibilities rather than having a fixed outcome in mind. So, instead of thinking "Here's a notable announcement, the share price will go up 25% today," work out the different scenarios that may play out and assign percentage values to each outcome. This is Bayesian reasoning at its core.
I think it's poisonous when people get a fixed outcome in mind and then, when it doesn't play out like they imagined, they freak out and sell. I think we've seen a bit of that going on here. But, SP is always volatile, and when it hits a notable goal next week, next month, whatever, the results are essentially the same. The only losers are the ones that panic sell. I'm not insinuating you have this problem at all, I just wanted to outline my view.
I think we all know that certain someone who hangs around on specs touting ridiculous numbers and then bounces if it's not achieved in an unreasonable time frame. This company will do very well. No one can say exactly how it's going to play out, but I can be quite sure it will play out. That's exciting and worth waiting for!
NTI Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
