Morning @voncee, the market reacts to good news is not the same back to 10-15 yrs ago (lol sounds like I'm an old man now), well I starts to join the market at 21, therefore, I've sees all this.
Back then good news (oil, mining/resources) annouced everyone starts to buy and the SP spiked really HIGH then they HOLD it, slowly take profits off their table, however nowadays in every stocks with good news, aggressively sell, sell & sell the SP drop by the end of market closes it covered in bloodbath.
Well, sometimes I personally rather No news at all to keep the SP accumulating & looking Green, for example, looks at NOR, RYG, VPC, now FAR has sold in to good news.
Hugely frustrating!, page-35
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Last
50.0¢ |
Change
0.005(1.01%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 50.0¢ | $12.37K | 24.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19418 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 129688 | 3 |
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| Last trade - 15.44pm 31/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |