I like AFR as a speccy stock - Massive potential!
But I'm really uncomfortable with the price action this week.
Its great for holders but if I was looking to get in now I would be wanting to see where the dust settles before deciding on a position. The gap from 30c after the D & D rec worries me - How good was it to get the positive news straight after that! I would expect a move up after news to be justified - but 100% in 2 days?
So though I'm bullish long term, I don't trust this price action and would rather walk away and miss out than take a position before the price consolidates. Theres potential long term to make massive money - But short to medium term, theres as much potential to lose a lot too - like 40-50% short term if the gap fills.
Some may be comfortable wearing that sort of possible retracement in light of the huge potential - but I'm not sure I have that sort of emotional fortitude.
Good luck all, and hope you make a lot of money, I may join you down the track.
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $11.59M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $5.6K | 700K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 677217 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 3000540 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 677217 | 0.008 |
7 | 1912912 | 0.007 |
6 | 1656666 | 0.006 |
7 | 2800397 | 0.005 |
3 | 1562501 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 3000540 | 4 |
0.010 | 6521574 | 7 |
0.011 | 365000 | 2 |
0.013 | 362277 | 1 |
0.015 | 45000 | 1 |
Last trade - 12.00pm 03/09/2024 (20 minute delay) ? |
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