Re: Market being irrational and effective market hypothesis:
Earlier this year the quartely came out, at which point the share price hovered around 5.1-5.3c (JAN 31st)
This post was posted on HotCopper:
http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1372115&msgno=6274029#6274029
(FEB 3rd)
The company then released a "profit guidance" (FEB 7th) the price again fluctuated around 5.4-5.5c
A week later (FEB 14th) the share price finally broke through 6c
A week after that (FEB 21st) the share price broke through 7c
(MAR 3rd) Share price had hit 8.5c with no real news, at which time Hotcopper was in hype about TI drilling and prospects, then on the 3rd FML announced that it now had 100% ownership of TI
(MAR 7th) Share price breaks 10c
Now can you explain the move from 5.4c after profit guidance (record profit btw) to 8.5c on no news, it took a whole week for the market to react to the profit guidance annoucement..
WHAT UP?
Impossible for the market to be 100% right 100% of the time, it was obviously undervalued for a while, then over valued for a little while, there are many factors working the market..
If you believe in the company, you invest in the company, shut out the noise and believe in your research..
Re: Market being irrational and effective market hypothesis:...
Add FML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $802 | 5.754K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14865 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 19859 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| FML (ASX) Chart |