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2,091 Posts.
206
19/03/19
16:48
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Hi Rocket
This morning it retraced back to 22c. Therefore you were wrong.
Its easy to say now you are right, once the market has closed!!!
Hype is driving this. Indicators show this is overbought (for those interested). Traders are driving this. They provide liquidity in stocks.
Traders don't care about if, when and but. They see a profit and take it.
There's no guarantee that the announcement will be fantastic. It could be good in some peoples eyes and not that great in other's.
This 3P term is new and therefore not all of the initial 2C will be upgraded to 2P. I believe expectations need to be tempered slightly.
Its great ramping a stock but i don't want newbies or less experienced to fall for all the hype.
I have seen it and been burnt big time in the past. You can never be sure. This is the spec market and not the ASX 100.
You and other's may not agree but its the truth.
Best of luck mate.
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