MNS 0.00% 4.2¢ magnis energy technologies ltd

I wouldn't think a sliding SP means there is unknown news that...

  1. 353 Posts.
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    I wouldn't think a sliding SP means there is unknown news that hasn't been shared, there has just been nothing exciting to get people buying. A USD$700m loan would do it. Until we get some kind of game changing, value adding, or risk reducing announcement, the SP is going to do what ever supply and demand dictates.

    I avoid caring about day to day movements, as I invested for the long haul and what someone is willing to give up their shares for on any given day has no effect, other than the same imaginary losses that may one day be imaginary profits. All meaningless until the day you decide to sell.

    Could drift to 1c or $1 on low volume from here and it wouldn't make us any better or any worse investors... All about those underlying fundamentals and whether the company can execute.

    I get the sense people think there are fully informed puppeteers controlling the direction of every stock price... It's mostly bots and people making emotional decisions
 
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