Mate , I bought a bio tech /dairy play which more than trebled in just two days last week , full retail crowd was running behind it by last friday like mad , today it corrects 27 percent, the HC board is empty almost , lol
Retail crowd just runs mindlessly behind every fast rising scrip, so we don't have to worry about lack of retail interest or 20 - 30 percent corrections which are all meant to shake the tree , lol.
What we have to see is following for RFN like any other co ?
is the business model of the co sound & sharply focused on a niche / specialisation ? - YES
is the mgmt good & ethical ? - YES
is the expansion strategy right ? - YES
is the mgmt careful with salary & admin expenses ? - DOUBLE YES , LOL
is the possibility of dilutive CRs less ? - VERY MUCH YES
rest are all daily noise, ignorable IMHO
believe me , RFN will be a scrip in great retail demand in next few months at the outside. Just based on charts , nothing else.
Mate , I bought a bio tech /dairy play which more than trebled...
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Last
1.6¢ |
Change
-0.002(11.1%) |
Mkt cap ! $6.026M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $16.59K | 985.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 483203 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 85000 | 1 |
View Market Depth
| Last trade - 15.43pm 25/04/2024 (20 minute delay) ? |
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Last
1.6¢ |
Change
-0.002 ( 15.8 %) |
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| Open | High | Low | Volume | ||
| 1.6¢ | 1.6¢ | 1.6¢ | 41200 | ||
| Last updated 15.43pm 25/04/2024 ? | |||||
| 1TT (ASX) Chart |