My gut feeling is the market is aware that CPV and 14D are currently undervalued but they are chasing big short term gains on BIT. I would too if I had the balls and extra money. With so much in the pipeline, I believe CPV looks to be a solid long term hold as only a few partnerships could take this to $1-2 next year. Hopefully it plays out this way and the quarterly certainly seems to suggest so.
I have been in the share market for 2 months now and I haven't been able to find any better buys in the market than in the small cap space. The last few days sell off in high PE growth stocks has validated my belief to avoid this area. My first days in the share market was when APT was hyped like crazy and opened at $23. I remember seeing someone bought $320,000 worth of APT at $23 at the open Aug 23. It seems like it's less riskier to put $5k into a solid growing small cap stock than $50k into a big growth cap stock (risk $5k for a potential 4x gain, vs risk $50k for potential 15-20% gain/loss). Would I be on to something or am I not understanding something about the markets..
Anyway, back to the chart. CPV has bounced off 45c resistance twice now and sellers at anything less than 50c are starting to run dry.
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My gut feeling is the market is aware that CPV and 14D are...
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Last
24.0¢ |
Change
-0.015(5.88%) |
Mkt cap ! $98.52M |
Open | High | Low | Value | Volume |
25.5¢ | 26.0¢ | 24.0¢ | $120.7K | 488.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 45490 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 6578 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11957 | 0.420 |
2 | 20921 | 0.415 |
4 | 123661 | 0.410 |
1 | 2471 | 0.405 |
8 | 40055 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 16870 | 2 |
0.440 | 39572 | 2 |
0.450 | 6157 | 2 |
0.460 | 31026 | 5 |
0.470 | 21978 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
CPV (ASX) Chart |