Hi @Dave61 - Originally I had no issues with this stock until this Bonitas sh!tstorm. My custom screener brought me to it, I saw it was a great, "stable" stock (albeit slightly overvalued) and was almost about to buy it the morning it crashed.
The problem now is that the current situation goes beyond data and ratios, because these are reliant on the financial statements being 100% accurate - which is now in question.
I just don't see the potential reward outweighing the risk right now that's all. I'd rather buy @ $2.30 knowing 100% it's legitimate than buying at $1.9 ($1.85 now) knowing there's a chance it could be fraudulent.
I have nothing to gain or lose by posting, unless it retraces back to $1.7 I won't be buying anyway, and I never ever short.
Hi @Dave61 - Originally I had no issues with this stock until...
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Last
$2.01 |
Change
0.010(0.50%) |
Mkt cap ! $780.3M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.02 | $2.00 | $559.9K | 278.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 58524 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 14775 | 3 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| RFF (ASX) Chart |