You make some good points. My investment journey started over thirty years ago. I am now at the pointy end, so my time frame is shortening. I don’t have the time to recover from any major drawdown events. Well done with West African Resources, however I don’t think Spark is comparable.
Has the market overreacted to the results? EPS missed analysts expectations by 23%, share price is now down 23% since the release.
Spark has significantly underperformed. Not surprising that sentiment is against it and most indicators showing as oversold:
Shorts, whilst not large, are at their highest in 12 months and ticking higher. This is just another indicator of market sentiment.
The below chart is from Shortman . ASIC also produce a Short position reports table and ASX a Daily Gross Short Sales reported
You make some good points. My investment journey started over...
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Last
$2.76 |
Change
0.030(1.10%) |
Mkt cap ! $5.089B | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.78 | $2.71 | $7.389M | 2.678M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $2.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.78 | 11320 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| SPK (ASX) Chart |