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5.6¢ envirosuite limited

Ann: Transformational agreement to launch Envirosuite in China, page-46

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Lindo

2,669 Posts.

17

12/09/19

09:39

Post #: 40392393
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Originally posted by Capital Raising: ↑

I couldn't argue that fundamentally this is now overvalued until the china deal get some runs on the board. Funny thing about price action though it rarely runs hard on proven results. It usually runs on the imagination of what might be and possibility. The confirmation doesn't get the animal spirits running as hard as the though of what might be. Given this has just taken out a high that has been in place for 5 years as ridiculous as it might be this could go to 50 cents. I remember when NEA broke through the $2.12 high I thought fundamentally getting expensive didn't matter ran to $4.50. Snapped back to reality eventually around $2.60 now. But when highs get taken out and imaginations run wild with potential you never know how far a price will overshoot reality.

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The word you are looking for is anticipation, that's what is driving the price up, very good investors always use anticipation to stay ahead of the herd, I had the same feeling about NEA

EVS Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.6¢		Change 0.001(1.82%)		Mkt cap ! $71.02M

Open	High	Low	Value	Volume
5.5¢	5.6¢	5.5¢	$3.566K	64.83K

Buyers (Bids)

No.	Vol.	Price($)
2	156916	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	439354	1

View Market Depth

No.	Vol.	Price($)
2	156916	0.055
2	1200000	0.054
1	578425	0.053
3	133171	0.052
1	500000	0.051

Price($)	Vol.	No.
0.057	439354	1
0.058	100109	1
0.059	126000	3
0.060	2068481	5
0.061	100000	1

Last trade - 15.46pm 02/07/2024 (20 minute delay)

EVS (ASX) Chart