Leaving aside the long term potential for a multi bagger if they get the execution right... aren’t you concerned with an entry at 6.6c now that the weight of new shares coming online in January is likely to cause a decent price decline? There is just no way that some of that stock won’t be dumped immediately given the huge insta profit. IPO stock often gets dumped day one for even a 5% stag, there will be epic temptation to derisk when it’s over 100% up.
For example I was in this hard at average 3.1c and have sold 50% in the mid 6’s - now it’s just pure profit riding the wave. If I’m doing that surely hundreds of others will in January... what you reckon?
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7.2¢ |
Change
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Mkt cap ! $25.50M |
Open | High | Low | Value | Volume |
7.1¢ | 7.2¢ | 7.1¢ | $9.228K | 129.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 289855 | 6.9¢ |
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Price($) | Vol. | No. |
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7.2¢ | 57942 | 2 |
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No. | Vol. | Price($) |
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1 | 289855 | 0.069 |
1 | 100000 | 0.066 |
1 | 5384 | 0.065 |
1 | 40000 | 0.064 |
1 | 80000 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 32942 | 1 |
0.073 | 21182 | 1 |
0.075 | 83168 | 2 |
0.082 | 72727 | 1 |
0.086 | 34500 | 1 |
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