EYE 0.00% 18.0¢ nova eye medical limited

Had my order filled at 0.215 - unsurprising given the markets...

  1. 595 Posts.
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    Had my order filled at 0.215 - unsurprising given the markets overnight. Thinking how much the SP has dropped since the record sales announcement I think illustrates how much herd mentality and emotions come into play, clearly overshadowing the company's solid fundamentals and growth prospects.

    Broader market conditions have certainly played a role, and it seems there's been substantial profit taking from 0.290 down to where we are now. On top of that, there appears to be a psychologist barrier somewhere around that mark, so some people might perceive it as a temporary ceiling.

    Release of the audited reports will certainly be interesting, especially operating margins and net profit. ROI of marketing/sales and how they impact the bottom line will also be key.

 
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