Needle, certainly not raining on your parade, but no matter how great a company is, it may have lots of stores, flashy signage and even the very lovely Jennifer, but at the end of the day it's being in step with the market thats important.
Clearly at the end of trade , lots of sellers were not as comfortable holding at $3.75 as you are at $3.84.
It,s alway a touch risky jumping into a new float, then again it can be very risky not jumping in.
So many so called "brilliant analysts" tipped at least a 10% jump today at the opening, even knowing the market would fall at least 2%, Myer fell over 7.
So who is wrong the analysts, the optimistic shareholders , or the market. ??????
I wish you all the best and hope it does great, it would be a fantastic little helper for the confidence of the mum and dad investor and certainly good for the ASX.
DYOR, mine is for pure amusement only. !
MYR Price at posting:
$3.75 Sentiment: None Disclosure: Not Held
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