took the loss and left the building.
sold at 11c on close.
my concern, was that the dumping, that chewed out 11.5,11c, and into 10.5, was not retailers.
large volumes, indicative of a funds criteria changed.
this had a recent low of 6c, and i have the mind, that whoever bought up then, is running out of room and look to exit sooner than later.
The way the buy ques were destroyed, i think there is a chance it might continue to crash through to 8c.
I bought earlier at 12c, thinking the worst was over.
Took the loss, and will re-enter, when the big boys are finished trashing it.
No point holding if its going lower.
Fundementally, though, it remains true that they are earning, they are making profits, and i think we are just in the interim of an over-reaction.
There is just the cloud, of the economy, and negative sentiment.
But the ship isn't sunk, yet, so viable, and still able to capitolise on better times, presents an opportunity ahead to re-enter imo.
Happpy to be wrong, and if it runs tomorrow, well done to those still holding.
cheers
- Forums
- ASX - By Stock
- BLY
- new announcement!!!
new announcement!!!, page-92
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries