kram
- 09 May 2003 15:25
Bought 17000 osmotech about 5 weeks ago and am suprised that despite the unexpected bonus of sales due to SARS, (obvious no pleasure taken from the poor unfortunates that have suffered),they seem to be going up and DOWN (again today ) like a yo-yo. Why is this? Anyone?
Kram.
majorclanger
- 15 May 2003 16:34
- 3 of 4
Do you mean OsmEtech [OMH]? (As opposed to www.osmotech.co.uk)
If you mean volatility in price, well, there could be a number of factors. Amongst them, look at the volatility in volume of trends. There's a huge variance peaking to 70 million in one day at the end of April, but typically around 5 million.
I say this knowing nothing about the company or it's performance but from a TA viewpoint alone, this stock dropped ~80% in value between May 2002 and Aug 2002, so add to the wide variance in 'popularity' of trades its historic performance and uncertainty in future perfromance may have a significant impact on price in what is basically a nervous market to start with.
An extraodinary high volume on any single day would also make me ask who was buying. I'd also look at news and announcements and key events that would have influenced the attractivenesss of OMH. SARS may be a high mortality rate disease but it's hardly a pandemic of epic proportions and this may be a concensus that has changed (after all it took the western press several months to go bananas on what has existed in China since last year). When you consider that treatable diseases kill 200000 children each week, hunger kills 24000 a day and maleria kills 3000 each day, SARS is still way in its infancy as a killer bug as much as it is horrible to suffer from SARS or be close to someone with it.
MC
PS Archie222 - YOU MISSED 'performance' ;o)
archie222
- 15 May 2003 19:45
- 4 of 4
Clanger !!
Don't you mean:
extraordinary
attractiveness
consensus
and malaria ???
PULL YOURSELF TOGETHER MAN !!! ;-)