One has got to say that if you were a shareholder in Charlies Group Ltd [CHA.NZX] today and sold you would have been practically dancing in the aisles. Its share price lept over 45% on news (see 10 day chart above) that its products were to be positioned on 750 Coles stores across Australia.
The share price hasn't done much for years (see 5 year chart below) but this little bit of positive news has given impetus to the share price and it will be interesting to see what happens tomorrow if the trend continues on higher volume. I suspect others will get carried away tomorrow and bid up the price.
Well done to those who made a quick buck. I am a little jealous.
I should have Stefan Lepionka on the mat answering questions on Charlies OZ expansion tomorrow.
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