I bought some yesterday as it seems extreme over-reaction on the announcement.
If anybody wants an analogy, pls. do research ECX price action during March to now. Dropped fro around 1.9 AUD to 57c in 2-3 days, hovered around 60-70 and then back to over a dollar in a month. Stay there for a month and then next leg went up to 1.45 dollar within June. Now at 1.26 AUD. Trust me the series of company announcements were even more horrible there.
The money earning businesses do not turn to dust like that overnight. Don't know why market never learns. I see a lot of money to be made here if one can buy now and hold for a month only.
Good luck everyone.
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Last
14.8¢ |
Change
0.003(1.72%) |
Mkt cap ! $45.03M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.8¢ | 14.5¢ | $2.944K | 20.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1364330 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 2002671 | 30 |
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| Last trade - 15.32pm 07/10/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |