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0.1¢ classic minerals ltd

Ann: Classic secures $10 million to take Kat Gap to production, page-181

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bungalowbill

3,298 Posts.

666

10/09/22

16:12

Post #: 63629281
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Originally posted by tipster: ↑

Massive share price fluctuations are just a reflection of impulsive market sentiment on announcements especially when some share traders hop in to make (or lose a quick buck).

The volume says it all, when the dust settles and the volume normalises then you will get a clearer picture of market sentiment and the direction of share price.

I think it's interesting that media report CLZ volume and price as positive yet fail to mention that it's still down 76% after consolidation not that long ago (a trait of a true gambler ) !

Obviously if you are just a day trader or opportunistic trader it doesn't matter for a quick trade.

I used to day trade a lot and the first thing I would do each morning is scan the volumes at pre-trade open with matching announcements! You wouldn't even look at the history of the company as some trades would just be for a few minutes in and then out!

I'd be interested in hearing from any new holders to see what due diligence they did if intending to hold long?

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The Gambler (lyrics) ; ' Know when to roll them - know when to fold them '

CLZ Price at posting: 3.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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