yes it is disappointing but when i assess the fundamentals and...

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PeaceOut

2,331 Posts.

130

09/04/18

17:51

Post #: 32326930
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Originally posted by SpeculateToWin ↑

The 'amount of shares on issue' has pretty much zero relevance to reattaining 11c.
It has already reached 11c once from a lower SP than where we currently sit, with the same number of shares.

My feeling is that 11c was over-bought, it should have stayed in the 7-8c range.
Then once the harvest results are posted (let's say sometime in April) it should have moved up another notch to the 10-12c range.

But the market is fickle and doesn't always like to follow upwards trends. Investors take profit, Traders work on pips, the price falls and we get these wilder and sustained swings.

Once upon a time, the releases from QBL were far too frequent and investors/HC posters complained that the content was lackluster and not deserving of a price sensitive flag. We had become de-sensitised to the ASX announcements.

Now we are seeing a "less cavalier" approach to price sensitive releases from QBL, and its been happening for months. Low and behold investors/HC posters are complaining of not enough announcements. Seriously folks make your mind up !!

I know that I'd prefer a few explosive price sensitive announcements, than a barrage of mediocre updates.

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yes it is disappointing but when i assess the fundamentals and look at the chart and previous volume spikes anticipating the next spike is what im looking for. I agree this stock is destined for big things but in the short term i am losing confidence in QBL. The amount of shares on issue is a "consideration" in my assessment.

21 days until the quarterly.

QBL Price at posting: 3.7¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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