That's the usual way in most sectors. Check out the charts of oil/ gold/ iron ore explorers before and after the first shipment. Same thing applies there. I have a theory why that is: While a company has nothing but "prospects", punters flock to it in the hope of multi-bagger returns. Once there are concrete figures on the table and all the nitty-gritty has been worked out, people can calculate a far more realistic valuation. And that takes away the hype, high expectations, and blue-sky dreams.
Agree about the DYOR bit - and I did take part profit after my previous post, but have since topped up more again as the gaps are closed and my system gave it another green tick.
Most liked posts in thread: VMT - Vmoto Limited
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Hmmmm, you got a point there, looking at a few companies that are in early production/break through (penny dreadful with potential) that I'm monitoring or hold. They are at the lowest point and with "nitty-gritty" problems that have to be worked out, e.g. debt, technical problems, approvals etc.
And the ones that ran away.
And some just lay down and never to rise for a long time.
As for VMT I think there are no nitty-gritties other than opening more outlets and increasing of sales.
The only concern on the technical side in the short term, is a gap on the daily chart at .015
My stock picking skills are terrible and my bottom drawer is full of them.
Edit: Add smile
I know nothing about nothing, BUT I do see this company as going somewhere, electric vehicles ( china had some horror air pollution record last year), producing there own parts, expanding factory , more outlets huge population with growth... But what do I know, I'm just another dreamer bashing away at a key board right now
This should kick start VMT, brokers & fund managers visiting the assembly plant.
Growing interest may not yet show on the chart, but the order board is definitely showing increasing demand, FWIW.
If the chart plays out by the current flag pattern, all it takes is a break into 2.8c and the Tech traders will be all over it. A break above 3c should then target 3.5 and beyond. See weekly chart:
In my early trading days, I received some valuable advice from an experienced generous tutor in a local Traders' group. Building on those studies, I then set up a website to share and explain some of what I've learned.
As I can no longer attend Traders' meetings, I've chosen to share my opinion on Forums like ASF. To that extent, you may call it "only a hobby"; my trading, however, is serious business that has to pay Mrs P's bills
any one who interested, appears to be making all the right moves right now.
So I thought no one was thinking the same was as I did - so be it. Little did I know that some people take 24 hours to act...
But I haven't found anything negative about them either, and what little I read in company and audit reports doesn't raise any suspicion of bad management. In that regard, I have no reason to disbelieve the Market sentiment as it presents in my charts. The weekly makes a 4c+ target eminently credible.
"China auto sales hit record high in November"
If it brushes on to VMT bike sales, that will be good.
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