Nasdaq listing is significant but I do not think it'll rocket the stock north.
I was holding 12 months ago when the price went from 11 to 28 and since then we have achieved several 'milestones' and what are we looking at? 10.5 cents? less than what it was.
Im not saying it wont go up, but what im saying is valuations of 68 cents mean nothing as they've been that since I bought in back in 2009. Southern Cross were saying 68 cents by mid January 2010. Now they are saying by mid January 2011. no doubt it will be 68 cents at some point but if you keep moving the goal posts it doesn't make it an inspired prediction.
I'll hold but again it could be 10-12 cents for a while. But when it does go up, it'll move quickly. The risk of missing it outweighs the risk of selling due to lack of ST movement.
heading north, page-6
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Last
35.5¢ |
Change
0.060(20.3%) |
Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.5¢ | 33.5¢ | $6.427M | 18.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 133736 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |