Hi Laza,
I agree that if we don't get an announcement in the short term FAR is becoming oversold.
The problem with selling to buy again when the share price retraces is that no-one can tell to where the share price will retrace. A declining share price makes investors cautious which often results that they wait too long to buy again and therefor they miss the "big" upleg.
And what about if there will be an announcement in the short term, then we will be also missing (partly) the big upleg.
Now we have broken the 6 cents barrier this will problabely the maximum retracement. So at 9 cents we have 3 cent downward risk and 10? or 20? cent upward potential. This potential reward is my 3 cent worth ;-)
Of course the share price crash was huge on the shell news, but that's part of investing in the junior mining sector. If I preferred a less risky investment I would be buying governments bonds... (not from Greece..;-)
Cheers, Conrad4
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Last
49.0¢ |
Change
-0.020(3.92%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 49.0¢ | $210.8K | 423.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 39845 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 39845 | 1 |
0.500 | 16960 | 1 |
0.510 | 102895 | 3 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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