"Then again, hats off to those who play for money and not emotion. The prospect of this chippie announcement and a rocketing price makes for a whole herd of blind with emotion retail holders, who create the support /churn for traders to get out"
Well, congratulations - you've insulted just about everyone here on the XPE forum.
But enough of your crude assumptions and condescending superiority!
You carry on like some sort of evangelist for pip trading. Praise the Lord!
You act as if its the only way to behave on the share market. If that's what you want to do then fine. But don't try to make out that its superior.
Most of the "whole herd of blind with emotion retail holders" are, from what I can tell from their posts, sensible and prudent people who have identified a start-up company in a potentially huge industry with excellent management, exciting tech, great collaborations (with perhaps more to come), income streams in the near future and exponential growth potential.
Believe it or not, some people actually like to invest in 'a company' rather than a 'bunch of pip movements' and, in this case, believe they are investing at bargain basement levels based on the near and long term potential.
If they can purchase a stake in the company at 7-8c with an expectation of 500%+ profit in a year or two, they are hardly going to care whether or not they are providing 'churn' for the pip traders.
And besides, they will likely have lower blood pressure not having to worry about the SP movement every 10 minutes!
Please show some respect for people (including other posters) who have a different approach to you. There are many roads to Rome - remember.
XPE Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
(20min delay)