There’s nothing wrong with valuing a stock based on near term future potential value, it’s called speculation.. I have given you one example already with SPT, look at VUL $2.45 to over $14 in two weeks, EGR 18.5c to 67c in a little over a week, CPH 3c to over 30c in less that a week.. how many more examples would you like?? I’ve got lots more of them!
My personal favourite one, ATH 1/07/20 2.7c to 39c in a few hours!! Profit $200k
To not understand that IOU can undergo a serious re-rate in a short period of time with an announcement release is to not fully understand market mechanics!
Soft Launch & Moving Forward, page-40
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Last
1.6¢ |
Change
0.012(300%) |
Mkt cap ! $23.34M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 1.8¢ | 0.6¢ | $1.733M | 167.8M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5502666 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2671045 | 8 |
View Market Depth
| Last trade - 13.48pm 17/10/2024 (20 minute delay) ? |
| OVT (ASX) Chart |