Katana - agree 100% with your thoughts and I pretty much trade exactly the same way you've described and usually with around $30-$50k on a trade, depending on which stock it is etc.
I always try to pick a stock in an uptrend as usually it continues to trade upwards. However, at times I do target oversold stocks with quality fundamentals and I have done well with those on the rebounds etc (like TMR a couple times).
At the moment Cash is King but I am very tempted as there are a HEAPS of bargains out there but I will take my time.
If TMR looks like breaking out of 17c+ in the morning, I'll get on 100%. I also like SRK which is highly undervalued imho and another great medium-long term trade (good things happening with that one as well)!!!
news out news good, page-72
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.092M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $4.222K | 1.407M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 16275000 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 1304545 | 3 |
View Market Depth
| Last trade - 10.08am 08/08/2024 (20 minute delay) ? |
| SMM (ASX) Chart |