I am a newbie trader and the first to admit it! I have to agree with this post( with no real expertise) I read recently a China Trade expert saying that the problem with Aussie business going into China is that they are not laying strong distribution/marketing channels prior to pushing into the Chinese market. From my novice view BUB is doing exactly that..laying strong foundations and then BOOM. I think once they have the exposure in China the Daigou sales will follow, which is the reverse of what some are preaching.
I bought a chunk at 19.5 and then sold when it was dropping towards 14. I then bought a bigger chunk at 24 and will hold on for dear life. I was talking to someone who works in the financial industry and they said BUB is a spec buy , but if there is momentum follow it to the top. He said matter of holding your nerve as it continues to rise and not listen to the " white noise" ( the ups and downs).
I am waiting for it to hit 1 to give me some spending money and will hold the rest as it heads to who knows where!
PS: before shooting me down this is just my uneducated view!
I am a newbie trader and the first to admit it! I have to agree...
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $107.1M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $80.75K | 685.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 66 | 3042547 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1225473 | 18 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BUB (ASX) Chart |