III icon resources ltd

the tungsten penny is dropping - bout time., page-8

  1. 113 Posts.
    I have to confess I'm not too worried - rather, see this as an opportunity to stock up a bit further. In my experience it is very hard to pick with these small miners when exactly they start to fire. Once they do, however, it's too late to get in, since the price can move very quickly, especially with tightly held stock.

    At the moment as I see it Icon is stuck in a range between 12.5c to 15c, with only some small trades going through. Looking at the trading patterns I think it a possibility that there is someone out there doing a low trade in the mornings to shake out some stop losses for the day and scoop up some more cheap shares. I've noted we tend to go down early in the day and then 'repair' the damage over the remainder.

    Icon's time will come, but it will need news, and quite possibly production start, for this share to break out of its current range. I am convinced that once it does, we may move very quickly.

    My trading strategy is to get into companies such as Icon on the basis of fundamentals, and then hold on till the moment that market 'discovers' the fundamentals (which may take a while). I think it is possible to pick the fundamentals, but the 'discovery' point is impossible to pick.
 
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