short term speculation on a companies value cant be easily controlled and trying to in the short term wont change long term fundermentals. Beyond all the noise is real underlying value, and real value drives speculation over a longer time frame. The price of the shares will move based on financial statements like the next quarterly, people want to see real profitability now and growth ovwr time. The company would see little long term benefit from chasing the shareprice higher, best case for a long term holder like me is the price dips lower and the company deletes more outstanding shares, also the falling price will draw in the weakest hands which would be the same hands that will cap any real movement in the future. If people see the company chase the price up then those otherwise weak hands become reluctant to sell and the upward grind continues very slowly, for a true explosive move in the upwards direction we first need a move in the opposite direction, its like the recoil in a spring, first we have to load up. This is just my opinion, and it seems to be slightly supported by the fact the company hasnt moved up their buy price. I think logical accumulation myst prevail or I would become a concerned shareholder. Would love to hear others thoughts.
- Forums
- ASX - By Stock
- Banter and General Comments .. BRK
short term speculation on a companies value cant be easily...
-
- There are more pages in this discussion • 2,504 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRK (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.27M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $2.182K | 181.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 4275960 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 18944075 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 4275960 | 0.012 |
51 | 43515333 | 0.011 |
18 | 10049062 | 0.010 |
11 | 5890014 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 18944075 | 24 |
0.014 | 26167925 | 20 |
0.015 | 10083433 | 19 |
0.016 | 2269455 | 11 |
0.017 | 11826445 | 8 |
Last trade - 09.59am 11/07/2024 (20 minute delay) ? |
Featured News
BRK (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online