HXG 0.00% 1.3¢ hexagon energy materials limited

Ann: Additional Tenement for McIntosh Flake Graph, page-21

  1. 1,774 Posts.
    re: Ann: Additional Tenement for McIntosh Fla... hi nev

    do you mind sharing how you figured out who was selling if in fact it was one seller as you say and who it was/is? i suspect you might know why they did it too or no?

    it's good that the stock bounced up today, would have been better if it held over 80, somehwere round 82-83 would have meant more. 80 was the double bottom couple weeks ago so the risk is that it now becomes a resistance.

    at the end of the day with the company not making any profits and not even having any off-take agreements in place the stock will purely trade on sentiment and technicals. definitely not one for the faint hearted either, because of the reasonably low liquidity and the price fluctuations that can come because of it.

    watch the stock on days where there is lots of risk-off trading happening i.e like Tuesday, which if you noticed on that day nearly all graphite stocks were down as well as most start up biotechs, hence it had nothing whatsoever to do with LMB just changes in peoples risk appetite based on market conditions.
 
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