yep, I tend to agree. A big spike in liquidity allows lots of holders to get out and coupled with a bit of Covid fomo will see a lot of day traders try to get in on a bandwagon which really hasn't yet departed. Personally, I know a couple of people involved in IHL and I saw this announcement as a great lead up to stage 2.. this announcement is merely validating the pathway that IHL is on, not providing a clear large scale commercialisation which would result in significant revenue and profitability. I've topped up with another 1,000,000 shares this morning, whatever happens today is just part of the fun of markets in general and they don't always end in the right place over a short term..
A clear learning for new entrants into the Stockmarket is don't buy for or because of announcements, that is just punting. Shares are an asset class and need to be considered along the same lines as you would with your home. If you are not prepared to lock away the money for 5 years, then you are not investing. If you are not investing then you are just taking a bet, no one makes actual money like that. just my 2c worth. I'm at 1% portfolio weight with my IHL holding as of today.
IHL Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
