Because 99% of investors are sheep. As soon as a wolf enters the yard, they run for the exits. There is no logic in these situations. Only fear and a clear lack of ability of correctly valuating a listed company: this assessment is for value investors, that is. On the other hand, day traders are sheep on steroids who are quicker to run for the exits if things go south.
I stayed away from this one as I believe that the FDA is a political, pro-American, pro-business, body, whose interests are predominantly protecting the large companies and industries operating with the USA, rather than the health of Americans: I mean look at their approach to animal food, glyphosate (Monsanto), the meat industry, and so on.
Because 99% of investors are sheep. As soon as a wolf enters the...
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Last
$1.03 |
Change
-0.040(3.76%) |
Mkt cap ! $1.170B | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.07 | $1.01 | $13.19M | 12.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 61090 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 239558 | 5 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MSB (ASX) Chart |