MEM 16.7% 0.5¢ memphasys limited.

Exercise caution here guys, cos you could get burnt in 10...

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  1. 605 Posts.
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    Exercise caution here guys, cos you could get burnt in 10 seconds flat. Speccy micro bio's have been aw-aw-aw-awesome lately, but volatile AZZZZZZZZ. 


    HOWEVER, the positives are there to see, even from a blind punter like myself. 


    Cracking fundamentals and potential aside, here are some observations from today


    It was the highest % gainer on the ASX (for anything with decent volume ie over 12 trades - LOL).

    It happened on a day where sentiment and macro was farked and everything got smashed.

    It will accordingly attract attention from both investors and traders - those who had given up on it after getting hammered by this week's extreme action and those whom are new to it.

    Such strong buying in the arvo lead up - everything was bought/smashed up to 5.5c, followed immediately by a classic, pro back-test to suck out any loose ones down to 4.4c.

    The last 10 minutes was crazy. So was the auction - dudes pushed in line and hoovered everything that was available. Closed near day's high.


    Macro is looking waaaaaaaaaaaaaaaay better with Dow looking (farking) sweet.


    So a perfect set up for tomorrow.


    Additionally, so many immediate near-term stimuli.Some of which have been mentioned here.


    And that's just what I know of. And I know jack......


    Good luck tomorrow dudes. And beyond. IMO, this will fly in the morning. But be sensible and smart.


    Remember trading/investing goals and stick to them. But watch the money/volume - it will tell the story. 


    Yeeeeeeeeeeeeeeeeeeeew!


    .  

 
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Last
0.5¢
Change
-0.001(16.7%)
Mkt cap ! $13.00M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $19.10K 3.821M

Buyers (Bids)

No. Vol. Price($)
11 4204169 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 5374720 3
View Market Depth
Last trade - 15.56pm 07/11/2024 (20 minute delay) ?
MEM (ASX) Chart
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