Yeah right!!
Still the best annual report I have read in a long time.
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Fairly decent volume thro today, almost 800k shares so far.
Good finish at close to 162 supported by big volume, always a good sign price up with volume :t_up:
Chris Lee's impact today I guess, good finish with big volume for the day.
Good solid business with great growth and trading on undemanding multiples. Plenty of juice to come with this one :)
Yes fundamentally ok. But the technicals are also very strong...
A new closing high above the $1.60 technical resistance and ipo price. All this on high volume.
This is a high probability breakout trade.
Are there any breakout traders on the forum taking part in this?
This stock is covered by 2 brokers. The is still a 27% spread between the current price and the average broker target. Given the current overvaluation on the NZX, I think it would be hard to find a profitable company with such a high spread.
So as you say Roger, plenty of juice.
Reference to 27%
http://www.4-traders.com/SCALES-CORP...561/consensus/
Does anyone know why the SP dropped so much after the IPO? Only good indicators now, I might have to buy in next week.