What a difference a day makes!
Was waiting for it after massive volume yesterday. 79.21 mill traded!
Still held my core position today. Also placed a cheeky Buy @.073. Was surprised to see how close I came to getting it filled. If there was to be a 10% correction, I was expecting over 2 days. Today started ok but then the Sell volume kept increasing until the B:S ratio was almost 1:1!!!
Yes I have been trading BIT. Buying a new parcel with the intent to take a quick profit. First was .06 to .084 40% and timed to try and benefit from my post of 22/01.
Then .070 to .084 20%. 24/01-28/01. Missed the H of .088 but beat the close.
Have suggested entry points on this thread.
They were only relevant at the time of posting, obviously.
To me it is just common sense. You know the stock well. You know what is coming in March. There is also the unknown. So make some fairly low risk cash to offset the cost, or reduce it at least, of your core position. Selling your core position can be stressful.
Keep it for the LT. Buy a new parcel. No pain, high chance of gain. Keep it simple.
It seems the traders saw a correction becoming more likely. It became a self-fullfilling prophecy IMO. 8.5% correction.
At least more buyers than sellers after the real close @4.10pm.
Bring on tomorrow.
Happy trading.
- Forums
- ASX - By Stock
- BIT
- The Boston CROI connection
The Boston CROI connection, page-12
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
Add BIT (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.77M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.1¢ | $74.61K | 2.300M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 280031 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 96500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 264406 | 0.032 |
4 | 227980 | 0.031 |
9 | 585666 | 0.030 |
1 | 100000 | 0.029 |
3 | 153000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 308000 | 2 |
0.036 | 65500 | 1 |
0.037 | 537816 | 2 |
0.039 | 430546 | 2 |
0.040 | 133240 | 3 |
Last trade - 15.22pm 12/07/2024 (20 minute delay) ? |
Featured News
BIT (ASX) Chart |