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With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front of those trends is so important for any trader worth their salt.
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In this daily HotCopper Trends column, we break down the top three stocks talked about on any given trade day, and why they’ve drawn a daily focus.
No surprise, considering how many are following this story – Invictus Energy (ASX:IVZ) is topping discussions on the HotCopper threads on Monday, even as the stock surges as much as +12% higher heading into lunch.
There was every chance the Invictus release today could have dipped the company into the red, with the energy explorer sharing news on its Al Mansour deal.
It all boils down to a delay; Invictus’ team-up with the Qatari Royal Family now won’t be finalised until December, the company said today. My HotCopper colleague Jonathon Davidson today hypothesised it’s because the Qatari group may be looking to secure several deals at the same time.
Elsewhere, Dreadnought Resources (ASX:DRE) has again drawn plenty of conversations this morning. The explorer landed a “fresh rare earth surprise,” it said. For mine, it’s just more decent drilling results coming in this week.
Either way, DRE shares have ticked another +25% higher.
Finally, another Trends regular, Vection Technologies (ASX:VR1), has hit the charts. The tech developer locked down an acquisition deal for Digital Experience Labs today.
That deal is a cash-and-scrip package (Vection just raised $21 million to get the deal through) and should hike the company’s revenue by as much as $3.5 million. Integration should wrap up in the next month.
Overall, the ASX has opened Week 40 up +0.7% and in the green.
That’s Monday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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