Another active night for GENE in the US, dominated by profit-taking, traded down from its open of USD $5.30 to $4.80. (Previous day's close was over US%6.00). Volume high, although less than Thursday's.
Monday (Monday night our time) is a holiday in the US, so the next 2 ASX trading days will be without Auntie NASDAQ telling us what to do, as exemplified by the 2 major surges we've enjoyed this week, on the strength of NASDAQ leads.
Possible short-term stability around 0.16 for GTG.ASX, followed by ...
... the next lead from Auntie ...
unless of course some local insto's get interested?
I'm enjoying the ride, but wondering what my endurance point is for short-term volatility.
PS: exactly what is the ratio for GENE ADR's relative to GTG shares?
GTG Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
