PER 0.00% 10.0¢ percheron therapeutics limited

technicals, page-88

  1. 14,914 Posts.
    Brad, I think you're getting confused because that's only half the story.

    I bought this at 1.2c and then in an act of stupidity got shaken out at 3.3c when someone dumped about 18m shares at 3.4c

    So I sold at 3.3 (totally not the plan) and then slapped myself in the face and reminded myself of the big picture, so got straight back in at 3.2c

    So I lost one pip right?

    So the following day, I saw an opportunity to get that one pip back when i saw price (intraday) going up on very low volume. Looked like it was going to crash so I sold it at 3.3c and bought it back at 3.1c making up for my lost pip, plus brokerage, which is all I wanted.

    I did think however, that price would stay around that 3.1c level for the rest of the day which it did, but then drop to 2.5c today which it pretty much did.

    There's nothing wrong with saying 2.5c AREA as there is no way you can specifically pick a price due to intraday volatility.

    That's also why I dont understand why Erich has targets such as 1.9c instead of 2c. Surely 2c is more likely being a round number.
 
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