Sure signs of overheating
The chart here is a chart of the company Virax. This company has nil
sales, and survives at present on a start grant from the Department of
Industry, Science and Tourism. The grant is worth $700 000 over three
years.
It can pay to be aware of this when attempting to trade blue sky potential
as a chart goes into the stratosphere.
We have sure signs of a stock market bubble when such valuations occur.
Always watch developments in such charts closely, as indicated in last
years classes.
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