50% retrace completed., page-49

This happens all the time.
The only losers today are the ones who bought in to the hype.
I don't see a problem ATM at all.
If one wasn't in early then I can understand the angst.
Day traders who were blind to the possibilities have lost yet again.
Do I feel sorry for the herd mentality?
No, not at all.
They pushed the SP up without any analysis on promises of the SP going higher indefinitely and not even doing any research, once again it serves them right.

So what happens?
They all sell.
Plenty got burnt and it serves them right.
I'm still 4 bagged and free carried.
These guys buy in on hype but whoever took the opportunity to hoover up their shares are sitting pretty.
Some never learn.
Whinge all you want but remember who made the decision to buy or sell.

Besides that and 80 metre oil column with excellent porosity and permeability tells the real story.
This company is about oil production and the gas is now a sideshow.
The drop today was simply about investors with little clue.
Although using the word investors is being kind IMO.
Gamblers is more to the point.