Well what a day we've had hey. Fantastic reward for those who kept the faith.
You're right in that the Macro factors are changing rapidly and so valuation changes quite rapidly. In addition, when I look at some of the SP and MV of other loss making ventures on the market that are well above ATS, I shake my head how ATS can be so low.
Certainly risk needs to be incorporated in once current production value price is hit (also continuously changing in the current environment).
Seems to be a pattern forming recently - big jump in price on open, a pullback middle for the day then some heavy buying at close which pushes price back up. Im thinking traders are starting the day and then selling around lunch, with some accumulation towards the end.
Hopefully another interesting day tomorrow.
ATS Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)