100% - the market is a forward looking instrument which means people are estimating a future outcome and betting on the side they like.
Shorters, if they were not to manipulate markets, would always be projecting that company prices will fall based on negative financials, aka betting on a negative future outcome.
Blind Freddy could see that PNV is on an upward trajectory for sales and profits and if you are a long-term investor you buy the dips and hold.
I'm not stupid enough to think that we were horribly over priced at $4, however my strategy is to keep purchasing and not sell anytime soon. I'll wait for the "but you missed out on so much profit not selling at $4" however people buys and sell for different reasons - by not selling @ $4 I also missed a 1/4 mil tax problem that would have forced me to sell more of this precious stock at prices lower than I wanted!
100% - the market is a forward looking instrument which means...
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Last
$2.45 |
Change
0.010(0.41%) |
Mkt cap ! $1.691B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.51 | $2.43 | $5.243M | 2.122M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35541 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 2681 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PNV (ASX) Chart |