For someone with 6,000 posts newbies might assume you are actually smart (I learnt quickly posts don't mean sheet) but you have no idea of anything outside how to read a chart clearly.
You have no idea of the fundamentals of this company at all or the investment time frame of people other than you. Most of the long termers on here who are the ones that are complaining about manipulation and the effect it has on their holding.
And to say it is not happening is naïve and ignorant on your behalf. You're a trader, it is the big boys manipulating the share price that generates the chart patterns people like you use so you may as well learn what they are doing.
But let's play a little game. Those holders who bought below 5c (and there is plenty of them) buy at let's call it 4c and use your signal of 84c. So they buy at 4c and sell at 84c. There goes 20c to the tax man. They rebuy at 40c and we go to 84c again. There is another 11c owing to the tax man. So 33c in tax and a resetting of their CGT discount period. At the end of the day they might make an extra 11c if they could have sold perfectly at the peak and buy somewhere close to perfectly near the bottom again. And I guarantee those that are FA LT investors, and not traders are not good enough to get that close to either end of the action. So why wouldn't they just hold on if they still believe in the FA of this company over the next couple of years?
Does that mean they are dumb for holding on and unentitled to complain about blatant share price manipulation.
Just leave with your holier than thou attitude. No-one wants it or your "insights"
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B |
Open | High | Low | Value | Volume |
$2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 314863 | $2.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.91 | 20820 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11001 | 2.860 |
3 | 63402 | 2.840 |
2 | 10003 | 2.830 |
2 | 11060 | 2.820 |
4 | 53088 | 2.810 |
Price($) | Vol. | No. |
---|---|---|
2.910 | 20000 | 1 |
2.920 | 94952 | 9 |
2.930 | 106414 | 14 |
2.940 | 173277 | 18 |
2.950 | 265756 | 21 |
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