NUH 0.00% 8.1¢ nuheara limited

@G220 I have struggled to understand the day / pip traders...

  1. 495 Posts.
    lightbulb Created with Sketch. 116
    @G220 I have struggled to understand the day / pip traders selection of NUH.

    There are many stocks at less than 1c (e.g. CCE) where a move from 0.02 to 0.03 means 50% profit (to 0.06 means 200%).

    When NUH was < 2c middle of last year, then yes, I can kind of understand. A move from 1.2 to 1.8c, for an example, means 50%. However, at 4-5 c level, a whole 1c move "only" means 20-25% profit. A 0.5c move means 10-12.5%, etc.

    I hope the pip traders soon realise that a pip in many other stocks means much higher return than here and move on.

    Also I can't understand people who call themselves "investors" in this end of town and are happy taking 5,10,20% profit whenever they can. Why bother being here for anything less than a multi-bagger. Put your $ in NEA, A2M, etc. instead, probably same return for much lower risk!

    GLTA.

 
watchlist Created with Sketch. Add NUH (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.