HCH 0.00% 78.0¢ hot chili limited

Placement of under 15% of additional shares have been released...

  1. 88 Posts.
    lightbulb Created with Sketch. 9
    Placement of under 15% of additional shares have been released today on HCH, hence the downward pressure on the stock. IMO this is temporary as people who take up placements often sell soon after. Good time to get in and pick up some shares that are trading irrationally today for anyone interested.

    I have picked up some and have used this strategy on many stocks before. It is often very predictable the drop and then slowly returning to the pre drop price over about a period of a week or two. I average about 5% each time i have done this so shows a clear mispricing that the market is making when they release new placement shares to the market.
 
watchlist Created with Sketch. Add HCH (ASX) to my watchlist
(20min delay)
Last
78.0¢
Change
0.000(0.00%)
Mkt cap ! $115.0M
Open High Low Value Volume
79.5¢ 80.5¢ 78.0¢ $7.364K 9.219K

Buyers (Bids)

No. Vol. Price($)
4 27896 78.0¢
 

Sellers (Offers)

Price($) Vol. No.
80.0¢ 694 1
View Market Depth
Last trade - 16.10pm 25/11/2024 (20 minute delay) ?
HCH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.