TON 0.00% 1.1¢ triton minerals ltd

Who is left standing?

  1. 3,784 Posts.
    Pretty dark and depressing day no matter how you look at it - but I think there is merit in considering the following

    1. Sector as a whole was down (as FH pointed out much more eloquently than I can ever hope to)
    2. There was a massive range of buyers in the 70+ range - so I'm guessing a shed load of stop losses got triggered today, especially at the start of the day where I saw a 10% drop in almost within a few minutes.
    3. I've only just finished looking through the report in detail, and I agree; I think it's painting a great ST and LT picture for TON.
    4. The tweet last week spoke about a consistent amount of info being released - which makes me think the DD results will be with us any day.

    While I don't have a crystal ball, I look at the above points and it paints a pretty clear picture to me - if one can weather today's storm, and be left standing, then the potential upside is great.

    My pick is a rebound tomorrow - the entry point now is brilliant, and we have hovered around the mid 5's to 6 pretty much all afternoon - so there is a perception of great value at this price point.

    I'm not buying any more at this point in time - and yes, it would have been great to sell at high 8's! But I, for one, am left standing after today, and I will remain standing.

    I believe in the TA, and I believe that the risk of jumping out now (when I don't think the price will drop further), is far outweighed by the upshot potential of the DD results based on the huge scope of area released in the ANN today.

    GLTA
 
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Last trade - 16.12pm 17/07/2024 (20 minute delay) ?
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