SUM 5.56% 28.5¢ summit minerals limited

SUMO, page-126

  1. vmp
    13,190 Posts.
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    That you don't understand and still make heaps makes you twice as fantastic

    Not sure if you understand leverage but if you do that makes you appreciate why many are in hunt for cheap options.

    22k would have bought you 100k of heads and sitting on 52k portfolio or 30k profit this morning

    With the same 22k, you could have bought 300k of oppies at 7c, gives you 75k portfolio or 53k profit instead of 30


    Hope that leverage makes sense now, even with little money the leverage increases the ability to achieve more profit


    Whichever you picked you'd still be a winner currently. And heaps who missed out or sold early on wa1 will likely hodl in SUM knowing what they thought was impossible is possible

    Sold too early on wa1 myself when it stagnated betw 5-6 for a few months only to see it skyrocket to 23


    The low SUM shared on issue helps
 
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