I agree, its not just BCC. Another of my stocks VR8 just put out an absolutely spectacular DFS yesterday, its SP surged 20% in the first hour of trade, then got sold off as profit takers moved in very quickly. Six months ago, the SP might have run up over a couple of days or so. The day after the DFS ann, the SP is back down again. When the PFS came out a year ago, the SP doubled. Its like the market is very pessimistic towards small caps, and perhaps mostly only day traders are willing to buy, looking for a quick return. VR8 gets a huge tick with existing LT investors as the project gets de-risked, but new buyers are few and far between. The only thing to do in this market is to hang onto good quality stocks with sound financials and good growth prospects for the long term, and maybe top up if they get insanely cheap.
All IMHO, DYOR
BCC Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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