5% jump day before results. After being in the doldrums for some time.
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5% jump day before results. After being in the doldrums for some time.
Check the chart.
Charts are not the be-all and end-all. I prefer to study the company and get a good understanding of what it is they do. This company has smarts. They know what they are doing and understand the huge potential the electricity and telecommunications sectors present. Share price simply reflects the fact that I'm not the only one who believes it.
The chart is telling us someone had inside knowledge and started buying before the announcement reversing a falling price trend.
That's what Nor is saying.
I like the prospects for IKE too but was a bit bemused at the sudden uptrend with no announcement myself.
All becomes clear now.
The chart is telling you someone started buying before the results announcement. It is not
telling you they had inside knowledge. That is nothing more than supposition. It is much more likely that whoever was buying was anticipating a positive results announcement and topping up in advance. If I had had funds available I'd have done exactly that.
But hey, what do I know.
Last Tuesday I brought GTK before their announcement on thursday as I thought it would be good.Got it right.
I think others were confident IKE would come up with the goods and got in before the announcement.
Just all normal to me,in fact I would say "no surprises there."