Strange phenomenon that...
Price falls, the stock is a dud...price rises, the stock is a champion?
Does the quality of a companies assets really shift so quickly?...lol...look at the big picutre people and try to be smart.
Negative sentiment re the ASX "please explain" and the nature of the questions was always going to result in a sell-down today...even if manufactured as this one appears to be.
lol...this is what the traders collectively do...whether that understand it or not.
Seriously, some of you appear to have such little understanding of the markets, one must question why you are here...either that, or you know full well what you are talking about and have questionable intent?
Or...do you all simply just buy and hope for the best?
This stock is highly undervalued given what they appear to have found...but...this does not mean a vertical rise every day.
Consolidation at current numbers is an excellent result...but you need to look beyond 2 or three days!
More than likely, everyone who sells at current levels will regret doing so in as little as a month, maybe even just a week?
Remember...a badly timed entry is not a reflection of the stock, it is a reflection of ourselves...and if this is what you have done, why proliferate the situation with a badly timed exit?
Such behaviour says more about your abilities to read the market than anything else...so look inwardly and learn by it.
Everyday in the markets is a learning day...and that goes for all of us...those who think otherwise I am afraid are in for a very big fall.
Time to hold core postions...and perhaps trade the edges if you are so inclined given the attractive volatility.
Cheers!
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