COK cockatoo coal limited

Surely it will start to climb up now, page-3

  1. 9,855 Posts.
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    i suspect a lot of it is algorithm driven.

    stocks with really long pauses between news flow and long share price declines frequently pop very hard on any news release - even if it is something innocuous like an initial director interest announcement.

    esp stocks with a large free float and large discount to valuation. one research note on bloomberg reckons cok is now worth 6c. so at 2.3c, computer-wise - the probability skew makes sense to buy 'sight unseen'.

    generally such event trading value increases hold for maximum of two trading days if they arent more broadly supported.

    so monday/tuesday will give a better indication.
 
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