RE: Bottom hit11 Feb 2023 11:54
Stokey, maximum gains are made with long term view, but in the short term, multiple factors affect the price from personal reasons, whether ur here for short term gain or other reasons etc...yes people will always seek to get better price to get in but at the risk of sudden rise in price. Market maker could take the price up even if sell is higher than buys, the movement in price are irrational and sometimes move without logic even at times when macro factors are negative. Question one should ask is, is the market cap low, at 27m, how low can it go? Are they winning contracts? clearly they are? Is it a growing sector? Renewables is the future? Mod is investment in our military, gas or hydrocarbon storage like Europe, are these factor the future, compare these with our peers, bae n bab**** will billions market cap. So at 27 million, with ceo aiming for 500 m p.a revenue per year. Where could this go? How many aim listed company can u think of that won the bid for mod contract in terms of their more established peers? Imho