RE: Monday26 Sep 2022 10:23
Said it would get 'wild' , enjoy the ride ... please dont worry. When shares issues hit in a day , a few times things just disappear or you cannot trade. They are filling orders.
So in Australia they may want 100m shares at around 0.36-0.38c. AIM is trying to supply the extra demand in Oz at around the issue price so its as fair and square as possible.
Why I said last week about being careful with your money and this week and even next week could see 5-7p ups and downs in a DAY is through experience when ASX listed EMH dual listed , PLL dual listed in US and a couple of none lithium assets all had issues of high rises and high falls.
Remember the traders once they get the 0.35c issue , if those who didnt get in and after the issue closed see the new PFS and want in the demand ABOVE issue price comes in to play. That pushes up the price so in Oz those who got the issue at 0.35c will suddenly see 0.50-0.60cents. Many will sell the easy money. Selling the easy money will then supply the AFTER issue and AFTER PFS news buyers who do want in.
Wash and repeat until everyone has the shares , profit and positions they want.
THEN throw in uk recession , new tax , new gov Italy far right in EU , Ukraine news on the general market and BOSH !!! Buying shares now is a bit of a lottery.
NOTHING beats market wider sentiment not even a great PFS.
Be safe , invest only what you can lose AND DO NOT TRUST OR FOLLOW THE HERD !!! DYOR and do it properly