Yesterday and today was all about profit taking, don't blame the DTs or profit takers, that's how the pot shares work on ASX and QBL shares in particular. On HC's forum, don't believe anything as face value, the rampers are even worse than downrampers imo (the rampers shouting out 10c by tomorrow and 20c by end of the month). At least downrampers will bring the price down so they give you a chance to level up or buy in at good entry point. Also, many downrampers are often level headed as they don't hold any QBL shares. On the other hand, the rampers will ramp it up and rape you (newbies) and then dump you naked on one street corner in Kings Cross. Rampers sound friendly but every rose has thorns. Be very careful and only trust your own research. They probably got raped by the oldies on this forum the same way
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Anyway, I saw 11.5c start yesterday on Commsec but I decided not to sell as I have a slightly higher exit point, yes probably missed another boat but QBL has many more boats arriving in the future and hence many exit point. Also, I am holding on longer due to MCL IPO, the proposed share allocation rule as I understand was based on how many shares you hold plus how long you held your shares, so was not clear on how it would work against me if I day traded only leaving $500 worth of shares, make a quick $$$ and then buy back in with the profit. Yes, I will have more shares but the nrw purchase is only 1 day old, only $500 will qualify for a meaningful MCL IPO. Probably the MCL IPO is sometime away but, I did not want to leave any chances and just enjoyed the joy rude. By the way, I only hold a small amount of shares but doesn't matter you trade in millions or hundreds, the value of a single share is same to all investors.
I doubt the price will go back to 5.2c, my last buy in was at 5.4c before the TH. If it dives all the way to 5.2c, its another chance to top-up.
