If you are still keen on the fundamentals of the company, 3 scenarios when it opens imo, plan for each, trade the trade.
1. Price up, seems overall sentiment is bullish from the capital raise (occasionally happens), determine whether you should be purchasing a small parcel on break of resistance if this occurs.
2. Price down, determine support level, if overall you have a bullish sentiment then this present an accumulation opportunity, purchase medium to large parcels off bounces.
3. Sideways, market is still deciding on the information. Refer to points 1 and 2. However, purchase medium parcel up price breaks upwards through resistance.
elsewise
4. Maybe take action and sell at open if your so devastated by the news?
5. or instead maybe its easier to just sit on your hands? If the price goes up you are now a miracle genius, if it goes down you can whine to your friends about how you've been screwed over. Either way you maintain your ego.
What's your plan at open man rather than churning out angry posts? imo this more of an opportunity presenting itself... every company on the ASX spec - mid cap area does CR's all the time, if you've taken so much offence by this CR, have you called the company yet?.
DYOR - NOT financial advice
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19.0¢ |
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Mkt cap ! $40.86M |
Open | High | Low | Value | Volume |
18.0¢ | 19.0¢ | 17.8¢ | $63.16K | 346.9K |
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No. | Vol. | Price($) |
---|---|---|
1 | 7633 | 18.0¢ |
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Price($) | Vol. | No. |
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19.0¢ | 93561 | 1 |
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3 | 88571 | 0.175 |
4 | 129650 | 0.170 |
1 | 3333 | 0.165 |
2 | 53125 | 0.160 |
3 | 134500 | 0.155 |
Price($) | Vol. | No. |
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0.190 | 93561 | 1 |
0.200 | 5000 | 1 |
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