Depends on what the BDP can do. The FS is being conducted with WOR at the moment, due in Jan/Feb.imajica said:could someone post a fair share price value for INL?
ie- using projected profit and industry average P/E's etc
kennas said:TB, Gap up or down is just a leap in the price from opening. There will be a 'gap' from its last close to the next open. Techically, this gap needs to be filled sometime down the track.
Gap Gaps form when opening price movements create a blank spot on the chart. This occurs when the high of the day is below the low of the previous day or when the low of the day is above the high of the previous day. Gaps are especially significant when accompanied by an increase in volume.
My understanding is yes, but it's just a probability. Doesn't have to occur. I think it depends on the size of the gap too. Perhaps that $0.005 isn't such a big deal....toc_bat said:WOW kennas, thanks for such a comprehensive reply. But i am still unsure of what you mean by the term filled: "Techically, this gap needs to be filled sometime down the track". Say a sock gaps up 3% on a rising trend what does filled mean? Are you saying it needs to come down to that level at some point? INL gapped up from 23c to 23,5c on friday morning. How does this gap need to be or gets filled? Does it "have" to come back down to 23c mark?
thanks all
kennas said:Just a couple of big sells on the board at the moment under $0.30 with quite a bit of volume at $0.30 to get through. Hopefully the volume is on again today after that news. Cheers.
Accaeric said:all we need is to keep a little faith in it
It's actually holding up ok at the moment. Intraday support at $0.26/265.Accaeric said:all we need is to keep a little faith in it
imajica said:waiting all morning for the bottom of the drop - am in at 26.5
seems like good support at these levels - will be holding these for a while
nizar said:Lets see if 26c holds.
If not - arvo selloff i reckon.
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