So what "happened" last week in my opinion:
Short term traders started getting uneasy with the high prices and took profits, and punters saw the SP dropping and sold too low. Meanwhile, the smart folks picked up more stock in the low 50's while we were oversold on the 24th and 25th, in anticipation of the correction back to the high 50's / low 60's on Friday and early this week (and most likely sold yesterday before a potential retrace to mid/low 50's again later in the week, perhaps?).
I don't understand why people don't relax a bit! Just my opinion obviously, but I don't see many people winning when they try to fight against the market. Either way good luck all! :)
- Forums
- ASX - By Stock
- BLT
- what happened?
what happened?, page-31
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BLT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online