I would treat the most recent spike with some caution. There was a feeding frenzy yesterday with a buyer or buyers snapping up anything up to about $1.95. They stopped buying and the SP pulled back - from memory to a low of $1.78 before recovering a bit. This morning there is a big parcel of shares on the sell side sitting at 1.85 which seems to be capping the price a bit. Of course, this could all change in a heartbeat.
I sold out yesterday at $1.95 for a 30% gain. The SP had just run too hard too fast imo on rumour rather than concrete news. I think the long term prospects of this company are excellent and I will buy in again under $1.80 if it gets that low. My trading philosophy is to lock in gains when I have them rather than get caught in a FOMO mentality. I have been bitten by that too many times and ridden SPs up and back down again.
EOS and Lockheed Martin. Watch the price, page-6
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Last
$1.62 |
Change
0.035(2.22%) |
Mkt cap ! $311.6M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.62 | $1.57 | $531.8K | 332.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1638 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 15921 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| EOS (ASX) Chart |