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19/07/17
09:27
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Originally posted by Jacksongreen
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A word of warning; no matter how solid the fundamentals of a stock are - a 100% gain in less than a month is unsustainable, and a correction will be made as multi-day and multi-week traders play this recent run.
Not down-ramping; I have no interest in this stock (all my money is locked in Emefcy now Fluence), but as a third party bystander to this run - I can say without bias that even the best companies on the ASX cannot justify 100% gains in a few weeks at MC above $200M. Perhaps consolidation would have been more conceivable at lower, more realistic MCs.
Again, not down-ramping but warning those new potential entrants, that - for a short term view (disclaimer: making this point as I know many long-termers are going to come and bite my head off, so clarifying that this post is for the short term price movement) - the recent price action is simply unsustainable.
Interesting company, with strong prospects - can't falter that.
Be wary though, plenty of positive spin permeating this thread.
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Sorry Jackson, no thumbs up from me. I will however give you a few points for clever wording and good english. Given your interest in this company with it's strong prospects, I hope you find your entry point so you can start accruing gains.