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clock Created with Sketch. 24/05/16
07:47
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Originally posted by ozgem
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Good announcement but trading was very average. Was this simply one those announcements they have putting out "you've been warned" , so they don't get a please explain as we know how leaky this is. 2.1 million vol at around $380 value. Rubbish. A micro lithium would trade 10 x that in a day and I'm sorry, nothing to do with "big boys" warning signals today tomorrow or the next. It's a few pip traders and a couple of punters taking small positions. Have a look at the course of sales and see how long some trades took to go through. Not a single trade between 1:41 and 2:44, between 3:14 and 4:10 nothing. How people can get excited about that I'm not sure. Hardly a feeding frenzy. I'm not sure what's missing with this stock as it should be much higher and this doughnut market of ours where lithium prospectors can 10 x ,20 x, and in one case I heard of a lithium stock 60 bagging! Even if it was valued at $1million that took it to $60mil. I'd expect even lighter volume tomorrow with no real movement. Could of been different if it ended at around 18 but the candle looks bad with the big stretch up to height and fail. The bears took control again during the day. Same old story. All IMO of course.
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I think the average investor in Australia still has little to no idea about how bitcoin/blockchain works. They see DCC and bitcoin in the same sentence and don't even take a second look. But those who understand blockchain technology know we have a great company on our hands who's success is independent of the bitcoin price.
