this stock code is just another code in an auction, that's it, that's all
the lack of research and strategy is always brought to light when the account number turns red
there is a reason that the auction for NOR should reach 0.23/.024 spread if you believe that gaps have any value (not withstanding the staggered open for the ASX)
the longterm money that held its ground as viewed thru the Twiggs 13 week Money Flow has joined the shorter term 21 day froth money and is about to head below the zero line
both the standard acumulation/distribution and the Williams distribution/accumulation have strong sweeps south.....these cannot be manipulated and are price-trend driven, they are correlative.....
NOR, todate, is strongly driven by both general market psychology and
focused emotive logic (thru chat sites) for retailers
if you look a the backdoor/rev takeover period the hype has been ripe to lure in retail money
it is unlikely that such bidding up and chasing of prices versus book values would take place at the bottom of a major bear market, thus pricing for such codes RNT/ISX/FCN/ has been much closer to speculation of prices upside than to the wariness of loss on the downside, not withstanding that many old company (ex resource/mining) have gotten out and sophisticated players bailing while the XAO/XJO are in a their current downswings....looking at ZIP as a good example of a company that came with a reasonable promise despite riding the like of "Bretts releasing a new album" kinda jibberish .....but it's advantage for some of the players was purely in the timing and ZIP helped the set the scene for rev buyout hype as did ZML/ISX etc some are holding water but the signs of drying wells are everywhere....
and how quickly has FCN (puting aside the consol timing) been mined....the auction process is pretty much a mining operation, mining the psychology or money....if the bull phase is real any downramp/badnews release will simply be seen as an opportunity to get in at a cheaper price and the pricing structure very quickly reflects that action as bid overrungs the offer
off the top of your head, what is the earnings input at .023c for NOR?
off the top of your head what is the cap for NOR at .023 or .048 (the everypersons-fave-gap)
what is it, right now, would make the longer term money step back in and look at the risk versus reward and say that the current price zone is a bargain or at least good value versus the book?
do you know who's doing all the buying from all that selling?
does the broker report differentiate short selling (borrowed to sell) versus buying to cover?
does the broker report differentiate who the volume is being bought or sold for?
does the broker report differentiate if the bid volume transacted at the bid side or the offer side of the spread?
does the broker report differentiate if the offer volume transacted at the offer side or the bid side of the spread ?
there are no absolute answers from the above questions as far as giving you an absolute answer on what to do, what the answers can do is give you an idea of size and context of the auction activity to avoid buying what deep pockets dont want or selling your parcel at the/a low to those same deep pockets....
most importantly, the biggest challenge you need to sort are simply two things, the size you place versus the capital you have and the levels where you decide that price is no longer acceptable for you (either to give away a bad play or to take decent profit)
having read approximately 95% of the posts on these threads since just prior to the recent double top it is clear that the auction process is just the same as it was 2 decades ago including the wanton self-surrender to gossip and that gossip has nothing to do with trading or investing, it'll dull your thinking in the area you need to be the sharpest and it'll sharpen your thinking into areas that are self-inflicting traps
keep jogging.....don't quit.....
if you are trapped, feel trapped, think on this: the position you are in now, what strategy do you have that would make you buy given what you see at this price level.....if you closed out now and made the capital available for something else, would that be a bad thing or a useful thing....are you hoping and keeping the faith or are you playing out a tangible, cognitively logical strategy?
looking at the course of sales, there's a good probability that today saw "traders" get trapped playing the daytrading game.....only a muppet would short sell this stock because getting trapped upside is far riskier than trapped holding the bid.....the higher the price the more stretched the valuation the more likely a trap, vice versa for sells (sell to open) ....same ole!
all traders and investors get trapped at some point, the question is not about fallibility, of making a mistake, it is the question of what strategy you already prepared for in the invent that a brick falls from heaven
George Soros tells you it is not the mistakes you make that makes the difference, he tells you that the speed at which you get out of the mistakes is what makes a difference
Warren Buffett blew some decent cash on silver, no regrets, using correct sizing, exiting at a loss.....next!
the only account that anyone cares about in these threads is their own. period.
i'm typing because i know i am just the same as you, except, now i do my game differently
for every trade i place there's an account on the other side that wants my dosh and on rare occasions they get it, that's function of the auction, to facilitate your thinking to get an end result....
holiday period is a good time to get away from the screen and get some of those emotive juices out of your head, come back in the new year and precede your game with a refined plan, new strategy if/where needed
the auction process rarely runs like a "classic" (@#$% i hate that term) text book game
the game youre playing is mostly about your own propensity to fall into traps that you help set up
if you spent as much time logging auction totals, price patterns, changes in liquidity, changes in the underlying market and its psychology, changes in industry/sector, when it's hot when it's exhausted
.....as much as you place energy into what you might get out of a stella run....
nothing in the auction process is someone elses fault ....it's the best money-for-money game going
the thing is, NOR is a great company, not a budding AAPL or DELL but even so, strong widely distributed, easily avail set of self-marketing ideas and functions.....given that that's true, what is the auction saying?
for this stock, the timing is wrong......that's all.....that is, in good spirits, my humble opinion.....
again, your mantra: keep jogging and don't quit
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