that should read .105 and .25 respectively. Havn't had the...

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Ekult

307 Posts.

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28/08/18

10:40

Post #: 35227826
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Originally posted by Ekult ↑

In regard to any retrace, here's my bit in response from the day thread. Saves re-writing it.

I don't think the pullback will occur until proper value is reached, and this is certainly not at 10c. What proper value is at this early stage would require some complex FA with all the data, which is not available to us. But we can safely say it is not a MC of 20M.

My guestimate would be between 30 and 50 M prior to farm-in, which equates to .015 and .025 respectively. Good chance that it'll reach somewhere in there today.

Most favourably is the very low SOI with only 200M and a fair wack held by the bosses. This of course has assisted in its quick rise to fairer value, but it will also assist in holding the value as there will be far fewer available shares for trading as the rise continues. It will pay to have stickier hands with this one as I learnt yesterday with my trading parcel that I paid more for on the second trade of the day.

This is not to say that there wont be any pullback. But I bet it won't close the gaps at .072 and .054 because there won't be the available shares to do it, as well as the gaps being clearly breakaways as part of the proper revaluing of the stock. At the very most, it could back test 10c, IMO.

Careful day trading it, but I'm happy for you to try as I'll be waiting below.

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that should read .105 and .25 respectively. Havn't had the second cuppa yet.

IPB Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $3.532M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
7	3264808	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	900393	3

View Market Depth

No.	Vol.	Price($)
6	4619984	0.005
7	3665280	0.004
4	2933333	0.003
3	3900000	0.002
1	2000000	0.001

Price($)	Vol.	No.
0.006	1000000	1
0.007	12096435	11
0.008	1142857	2
0.010	3154765	2
0.011	57140	1

Last trade - 10.25am 19/11/2024 (20 minute delay)

IPB (ASX) Chart

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that should read .105 and .25 respectively. Havn't had the...

Top Stories

Petratherm shares jump 60% on strong metallurgical results at Muckanippie

Long time coming: Sayona to merge with Piedmont in $850M lithium teamup

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Buyers (Bids)

Sellers (Offers)