why the smart reply ?
it's a valid post because FOMO had everything to do with the recent run in the MC to over $3.6bn for a company with no revenue....
Just stop and contemplate the amount of profits needed to justify a valuation in excess of say $4bn and it was nor hard to come to the conclusion that BRNs SP was going to retract just as fast as it rose..
I'm not saying it's not a good company with a great future and it may well now be a good buy but no doubt FOMO kicked in with a lot of the new age investors as I've seen on You Tube livestreams
Psychology of FOMO, page-2
Add BRN (ASX) to my watchlist
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Last
25.0¢ |
Change
-0.035(12.3%) |
Mkt cap ! $461.4M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.0¢ | 24.0¢ | $6.813M | 26.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 887784 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 23428 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
24.5¢ |
Change
-0.035 ( 15.4 %) |
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| Open | High | Low | Volume | ||
| 28.5¢ | 28.5¢ | 24.0¢ | 20655408 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| BRN (ASX) Chart |