DW8 Growth, page-6331

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jbau

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07/05/21

18:35

Post #: 53026751
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Originally posted by SaberX: ↑

Agreed - market manipulation is probably the second favourite of stock holders alongside the whole debate we had the other day of taking a knife to anyone who has a negative view. Every little trade is supposedly manipulation when the pullback occurs.

Indeed for every seller there's a buyer. In this case in reverse the lack of buyers i.e. momentum is why selling is not being soaked up. The short term impetus from the quarterly which I still believe was negative (and clearly the market dynamics agree given buy/sell demand has pushed this down - it's pure fact) and rules based investing/trading may see many cutting their losses.

There's also common sense given the string of recent announcements that the likes of another ebay-vivino - bib announcements in close succession are unlikely to be repeated. Not "impossible" but the likely catalysts are skewed more to the downside of nothing eventuating.

As mentioned though if your story hasn't changed then here we go - a buy in price to top up at. Arguably the quaterly didn't give enough comfort to me on that front, but what would would be the june qtr as numbers will start to filter through. A lack of scale this quarter and momentum will be the nail in the coffin for this story (until something changes) - and one can't hide behind the 'but it's a growth stock' excuse for making losses forever.

Today though may be a good point for a long term believer given Monday is the launch, so one could be (in short term) expecting some potential announcements come next week or so. Potentially bundled in with future client wins. Of course the downside is being the soft launch nothing of material nature will eventuate that isn't given until time has passed and actual use of the platform can take place.

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I see you've been commenting for a while but don't own...what's your buy price?

DW8 Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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DW8 Growth, page-6331

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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DW8 Growth, page-6331

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Collaboration in a green (steel) future the focus for Magnum and Saudi partners

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