BUD 0.00% 0.6¢ buddy technologies ltd

Sold - Disappointed, page-26

  1. 9,782 Posts.
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    its not fear - except for some of the retail sellers this morning - its just relative value. you need to think of share price moves and relative values in relativity to other stocks in the maket - not as a universe unto themselves

    its not that BUD confidence levels suddenly collapsing - its that other stocks are much cheaper so offer faster upside now theyve turned up - and so investors have a better place for their cash rather than just sitting and waiting for announcements now seen as weeks overdue in a sector where buying demand is cooling


    outside of nonsense like RFG currently - stocks usually move as much because of sector allocations by big funds and algos - as because of their stock specific appeal

    a rising tide floats all boats - but the tech tide is now going out moderatly after 6 months when it was the best ride in the market
 
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