Still see this heading towards 95c in the short term. A great little company, hard beat at the moment...
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Still see this heading towards 95c in the short term. A great little company, hard beat at the moment...
The TA on this suggests extremely low volume speculation, in an illiquid stock with very little free float, and although still robust at the moment, situations like this tend to move into a phase of medium to longer term tears, like PAZ for example.
It's never up forever, there's substantial capital gains right here, already. If you want em you gotta take em, before they're gone.
Up over 200% in just over 3 months, with a gut wrenching reality check in August and sustained into mid-September. That means the upside has been net 6 weeks or so over the period.
Some people will be sitting on very nice capital gains and it stands to reason they're not going to hang around and sacrifice that to a change in sentiment.
Just be careful folks, you imo need to be clear about why you've put your money here, is it to scalp a short term profit and capitalise on the outstanding share price rise (assuming you can get out with the poor liquidity), or hold for long term and turn a blind eye to the up's and down's.
I'd be out mostly by now, the rest would go soon, assuming there would be a buyer.
Good post BaaBaa. I was originally in to scalp a short term profit but then the fundamentals just kept getting better and better and better.
Now it’s an easy long term hold :)
Previous CFO Hayden Marks sells 3500 shares at 88 cents and still holding 6500 shares.
Interesting turn of events, current CFO buys, previous one sells.
https://www.nzx.com/announcements/419578
I dare say he is probably selling his paltry 10k shares at 88 and the balance traded the other day?
I don't think this is indicative of "insider selling".
Baa Baa makes some great points about liquidity. You underestimate the liquidity premium at your own risk. There is a reason unlisted companies trade at PE's of between 3 and 5. 2CC will trade at between 6 and 8 for the foreseeable future.
CEO buying more./
http://nzx-prod-s7fsd7f98s.s3-websit...601/404675.pdf
Turners update today should give a good post to 2CC as well, hopefully past a buck soon