I saw things exactly as you with the three waves. I bought a couple of parcels in the first wave and was in no two minds about selling out before the second wave, which I did and made a few quick grand. Low fruit.
I bought up again on Monday in what I expected would be the peak of the second and largest wave. Today proved me wrong but I figure it is better to have grabbed them at a low price when I could than possibly miss out and watch them head back to 12+c with only my TXN bonus lot.
The third wave, I think will be less concentrated and possibly smaller. Because of that it may be more than countered by buying.
From here I'm not sure if I'll sell out for a quick profit or stick around longer term. Either way it's very difficult to see the volatility not throwing us above at least 8-9c in the near future and very likely above the 12-13c level we have already seen. I don't know who was buying at 12c immediately before an obvious big selling wave, but I was happy to sell to them! Not that it was bad value at all, but it was obvious they would be available cheaper within a week. Now it actually does make sense to buy on the way up to 10-12c, and more depending on your own analysis of value and prospect. Either way, anything below 9c seems like low fruit. Of course, it's still speculative and not without risk even at the lowest prices we've seen.
All in my personal opinion only. DYOR.
TPD Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
