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25/08/20
05:57
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Originally posted by Lies&damnlies:
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Careful folks The day traders are all over BRN right now. 66m volume traded Just today Monday with 4 more trading days this week.. So what can happen? Just some recent facts * closing price Monday 10 Aug = 17.5c Previous weekly volume 65m * closing price Monday 17 Aug = 23.5c a 34.2% increase in a week. Previous weekly volume 80m * Closing price Monday 24 Aug = 32.5C a 38.2% increase in a week. Previous weekly volume 162m With 66m traded on an opening Monday there are so many scenarios * firstly (lets just look at trend continuation, Just one option to examine) so lets look at this week trading and again a double volume from 162m last week to 324m by Friday this week. We have already achieved 66m on Monday so the next 4 trading days will need at 64m volume per day. Just my opinion I think is unlikely unless Tuesdays trading volumes are well over 100m. That means the day traders would have to go crazy (it could happen, but unlikely, the early hour of opening trading will be the Key) More than likely I suspect the weekly volumes to be higher than last week, roughly around the 200- 240m mark. So if the dam doesn't break and this run continues to the end of the week and remember folks this is the best case scenarios. - Closing price Monday 31 Aug = 40.5C a 25% increase in a week. Previous weekly volume 220m. Suspect highly unlikely but a outside possibility, it relies on the day traders pushing to the max and the retail traders FOMO. But as a former stats man I need to consider this possibility. * Secondly for consideration just huge price swings (talking about up to 5 cents in a day) day traders manipulating the market, suckering buyer on a rise and the panicing the retail traders on a fall. Easy to spot this type of action just by looking at the daily 10 minute charts. In my opinion over the next few days this is more than likely * Thirdly some form of correction down from 32.5c. It been and incredible rise. There can be significant pull backs. This is also likely as we are so far above the 10WMA but there have been announcements. Sometimes the pullback forms the base for the next rise I should note at this point that I very much like BRN. The reason is that, because of this chip and tech, they can do so many deals in so many industries in some that I haven't thought of yet. Its a pure AI stock and one of the best in the world, However caution is needed. How big and how fast, or how big from here and how slow. Revenue will be the key. So we get to the heart of this post. I was trying to warn people of the volatile period coming in the next week and more. The share price has moved so dramatically and considering that we have 1.5 Billion shares on issues it is such a significant move. All of you need to determine your strateges. I planted seed capital and will just hold to see if it gets into the ASX300. Sell some private holding ( write off agains some other small cap losers) and buy under and Austsuper allocated pension on the same day. But all of you need to determine a strategy. Some options after this good gain all in some ways valid. * just wait for the long game to play out. It was just seed capital there will be down days, but iwth this one I am just holding until ASX300 inclusion. * sell too recover buying costs and free carry the rest * sell a third and take some profits looking to buy back into a SP fall * sell a half and take some profits looking to buy back into a SP fall * Just sell all take all the profits and go looking for a better option. ( good luck). All of this is just my opinion and the way I deal with markets. DYOR GLTA cheers Lies PS my spell checker seems to not be working on this site anymore. So forgive my spelling.
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hard to imagine a better option out there at the moment......in speculative stocks....that rocket is straight up...but i did pick the high in recouping some costs, now......let it ride!