OAK 0.00% 6.9¢ oakridge international limited

XPE General Topics, page-4063

  1. 4,704 Posts.
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    I said it awhile back - in very unpopular terms supposedly- about the pip trading: people still keep going on about 2 pips profit but the truth is theres been dozens of these pips whilst people have been busy reassuring themselves about the long term proposition as the stock has gone up, down, up down repeatedly.Overally down from its 10 cents days.
    Many a pip traders, if they'd been doing it successfully, would have made more than enough for a decent killing. Meanwhile long term holders are still waiting for that re-rate which , while we all fundamentally believe XPE is onto a winner, it "technically" hasn't happened yet. So you have hard, cold cash turning profit traders, or those dreaming in the clouds. Certainty of $160 of cash once or twice a day , multiple times a week, for the last month or two would have definitely been nice. THis has tended to trade up prior to an announcement, then subsequently pumped up and dumped. THe last run was up to 9c from 7c++, and back down to below 7c. There's been so many of these 1-2cent runs that I just don't get why LT holders need to reassure themselves and their faith of 'holding'. It seems many just want to know that the pip traders will lose out if it rockets more so than believing in their own fundamental convictions.

    Having done both and still holding too for a longer term re-rate, I can't see why both can't be respected.

    P.S. in2win - yes , stocks drop alot faster but that is part of your money and risk management of trading. If traders scalp 2 pips but succumb to closing out at 12 pip losses each time after being caught out then they won't stay a trader for very long...
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