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4,700 Posts.

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08/11/19

14:56

Post #: 41323406
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Originally posted by chuk: ↑

The market is never wrong? So it was right when this was 8c and we should hold for the recovery? Or was it right at 6c? Or was it right at 4c? Nothing has changed fundamentally that would justify those price changes and I never buy that "the market is never wrong" line. I've traded plenty of small stocks for 30-50% swings where nothing has changed fundamentally during those price swings. In fact you often have stocks go up a long way on no news and then sometimes get sold off on good news. PET went to $1.60 and then fell to 81c on no negative news. There was more positive news. Either the market was wrong at $1.60 or it was wrong at 81c. It certainly was not right at both those levels and all levels in between. The market is often VERY wrong with small and especially spec stocks. That's what creates the opportunities to profit for traders as well as investors that wish to hold longer term.

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Things have changed fundamentally, they have got better:

https://hotcopper.com.au/threads/ann-drilling-at-careys-well-extends-mineralised-zone.5041801/

ADN Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
10 Upvote

1 Great analysis

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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $30.54M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$9.991K	1.110M

Buyers (Bids)

No.	Vol.	Price($)
41	13393490	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	15115587	19

View Market Depth

No.	Vol.	Price($)
42	13468490	0.008
57	28758799	0.007
41	18199490	0.006
19	13877789	0.005
6	7525000	0.004

Price($)	Vol.	No.
0.009	15115587	19
0.010	10564677	15
0.011	27376522	9
0.012	30045921	7
0.013	2310111	3

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