That's totally a fair view, and one I like and try to execute. I also don't see anything wrong with following hype for a quick 10%-30%, which can then be compounded onto another hyped up stock, and so on. Profits can add up quickly that way. In the case of DTR, a quick buck could have been a lot more than 10%-30%. When it's going up, I tend to let it run to a dip, then sell. Different strategies work, in my humble opinion.
Also, time is money. The longer your money sits in a stock going backwards, the slower your rate of income ends up being.
One stock that I'm long on is DYL. I'll hold that for years to come, so please don't get the wrong idea about what I wrote above. It's just OZM needs some impactful news to move up well past 10c again, like it should. I mean, $1.3 billion worth of gold, and the sp/mc is going down. I think it defies reason.
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Ann: Gold Mineralisation Extended at Cross Fault, page-98
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Last
7.1¢ |
Change
-0.001(1.39%) |
Mkt cap ! $16.26M |
Open | High | Low | Value | Volume |
7.3¢ | 7.3¢ | 7.0¢ | $41.13K | 583.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15115 | 7.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 23112 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15115 | 0.071 |
6 | 217492 | 0.070 |
2 | 19500 | 0.068 |
4 | 55260 | 0.065 |
1 | 40934 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 23112 | 2 |
0.073 | 45528 | 2 |
0.074 | 36926 | 2 |
0.078 | 64307 | 2 |
0.080 | 48288 | 1 |
Last trade - 15.09pm 16/06/2025 (20 minute delay) ? |
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OZM (ASX) Chart |