While I can't disagree with the SP movements (bring it on!) I can't agree with your statement. Locking in 5%+ profit on a day trade isn't moronic.
Were you buying at $17+? I certainly was, but only to buy back after selling trading parcels in the $18 range. If you're a buy and hold forever on this, I don't think you'll go wrong, but the price is manipulated as with any stock, and traders will be part of the action. Is making money that way moronic?
One of top stocks, page-66
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Last
$11.51 |
Change
0.090(0.79%) |
Mkt cap ! $1.678B | |||
| Open | High | Low | Value | Volume |
| $11.42 | $11.55 | $11.40 | $2.534M | 220.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 8148 | $11.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.52 | 8591 | 11 |
View Market Depth
| Last trade - 12.03pm 12/09/2024 (20 minute delay) ? |
| CTD (ASX) Chart |