There seems to be a lot of discussion about “risk management” and “exit strategies”. Each investor will make their choices based on their own belief - either in fundamentals or technicals.
Some will hold through the dips as they may have a high confidence of a bounce back to previous highs. Yes, in hindsight, there may have been opportunities to sell high and buy back at lower levels - but this involves some risk as well. Some will want to avoid this.
At the end of the day, it is all about supply and demand. When the sell side dries up and the demand is still there, the price will rise. At this point, there are still many Shorters that will be looking to cover.......and they will need shares on the sell side at the lowest possible price to maintain their positions. The repetitive chat encouraging holders to think about a risk management plan and an exit strategy just indicates to me that those attempting to influence weaker hands towards selling would, in one way or another, be the beneficiaries of the selling action that they are trying to promote. The more on the sell side, the more benefit to Traders and Shorters.
Each and every holder will have their own thoughts on holding or selling. The last thing they should be influenced by are posts on a forum from others that have their own self interest at the forefront of their views and actions.
You don’t hold and have a sell sentiment. What motivates you to post your “opinion” on here? What are you looking to gain?
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $31.10M |
Open | High | Low | Value | Volume |
0.9¢ | 1.1¢ | 0.9¢ | $503.0K | 52.84M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4749269 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 17804638 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 3750780 | 0.010 |
49 | 17718179 | 0.009 |
31 | 16953093 | 0.008 |
12 | 8308954 | 0.007 |
4 | 4750000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 17554475 | 16 |
0.012 | 40702364 | 15 |
0.013 | 2021801 | 9 |
0.014 | 1243685 | 5 |
0.015 | 1127257 | 5 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
ADN (ASX) Chart |
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