It was the "sour milk" comment yeah?
C you're well clued up on history here so understand your frustration at the work down we've been subjected to as longs.
Dot points.
1 Took a long time to push us down on a history of good news. The oversold signals were there on the daily indicators...well....almost daily. Look at it from a Whykoff perspective maybe.
2 We've been waiting for the turnaround and pattern confirmed by chartists has broken up...tap dance...nearly 30% rise in two days. That wasn't a struggle C...that was like a razor edge through butter!
3 Today (notably a Friday we saw 22.7 mill shares change hands (ASX (14.7m) & ChiX (8m) combined. That is relevant as we closed on the 7 and peaked at 7.2. But vast majority of trade was in the 7 range. Some of that volume will be DTs but that's why the'ye called DTs most won't hold into W/Es especially when market is hot...and it's hot! Sea of green on my watchlists anyway but nothin' greener than us Woohoo!
4 We have a number of possibilities that sparked volume.
5 Volume of this size means the pole is raised on the SP...and the close is a great indicator of stability ...again...Friday!
6 Not sure what your expectations are re SP rise rate but you would know first hand that when the sell side gets gappy it doesn't take much volume to set this alight. We won't get to the teens in a couple of days (well theoretically we could...look at A2M/ARV/AVZ/AUZ and they're just some of the Letter As that I can think of!
) and it of course it won't be in a totally straight line. Respect the sector and respect your choice...you've picked well IMO in going large. Remember though this isn't a "mirage" play...it's a business growth and development play. The type of play your referring to of dividends and the like...well...they aren't found at this end of the price spectrum. That takes time and the ability to adapt and tailor to any change that might arise. Not something many Cos can claim especially high cash burners. We can use their tactics if need be...but we know we can run as lean as we need to and that means we have a very strong survival profile. We aren't here to drive big tech inovation like chips and such...leave that to the big boys...we have other focuses namely using their tech to ensure we stay current and competitive. Not sure peeps "get" this point sufficiently at this stage...
7. If you've been in over a year then you'll get your GST bonus as well!.
Anyway...won't bother with the FA plentt said everywhere else on board...but sometimes T/A is quite useful and T/A is looking just peachy...especially as FA been strong throughout.
At risk of repetition would recommend you keep at forefront of your mind the transparent sell down that bought us down from the 10.5 and 14.5 before that. Easy to overllok or dismiss that impact with tha passing of time...but I dincerely believe we're moving into a healing phase into an escalation of the confidence that was stolen from us. Again...we don't have that sword of Damacles hanging over our heads and hopefully we're getting some cornerstone movements in the background...or whatever else drove the spike today...can give you any number of T/A indicators and all will support one thing...the worm has turned...the trend is your friend. So maybe sit back enjoy the ride the time for pessimism is passing. Where at the point of global penetration and recognition and growth with diversified outlet network and new product range. 12 moths ago we hadn't filled a pre-order yet! LOL!
C...basically...we're just making up the ground that was artificially taken from us from the 14.5 high.
So like T implied...toss out the old milk it's out of date...flip that top open on the fresh carton...it's a new day!
PS make sure it's the Full monty...don't know how peeps drink that low fat stuff...yuck!
(20min delay)