Carsrcars, Follow John0428 below as he is spot on with his earlier post on this thread but it applies to virtually every stock on the ASX, as the market doesn’t have a regulator (the Andrew Bragg chaired Parliamentary Inquiry in to ASIC found their performance as regulator was so woeful that the key recommendation was that ASIC be abolished and replaced with a new enforcement entity as part of a twin peaks model, see link below… https://youtu.be/uF8Sviw7-TU?si=2XgmMgk617WU2c4t
Look at the ASIC daily shorts reports for the top 20 most shorted stocks, look at the charts (noting institutional investors can paint the chart any which way they please). By look at the charts, take Appen as example, high around $30 so when it crashed to $2 I thought the shorts had finished and a bounce would take place. I learned the technical analysis saying “Try to pick bottom, get dirty finger” the hard way. . That being said, since averaging down (that I usually don’t do because it’s contrary to TA theory as the chart is moving down not up) am now well ahead. John0428 says it best. All HC posters who don’t hold a stock with negative comments aren’t wolves in sheep’s clothing, but at least 80% are. Do you think they offer their knowledge and expertise to all long holders of every security in the ASX full list that they equally don’t hold? Or do they just want your shares cheaply?
CTT Price at posting:
$2.16 Sentiment: Buy Disclosure: Held
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