George Soros writes about reflexivity as a way of looking how the share price moves - about the importance feedback loops. This is a small cap stock and is not liquid ie small trades can cause large changes in the price. Most institutions have limits on trading small stocks (as a meaningful investment will distort the price) and that causes a feedback loop of its own (lack of buying keeping the stock illiquid thus perpetuating the lack of buying). Superimpose punters jumping in on reading a news article which brings the stock onto the radars of others(FOMO is a type of feedback loop)and in the absence of news punters taking profits or selling because they are frustrated (witness the daily posts on BB1 threads whining about management). In short it’s a mugs game trying to map share price movement to some linear effect of news.
BB1 Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
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