RXL 1.79% 13.8¢ rox resources limited

accumulation, page-17

  1. 7,432 Posts.
    acturtle
    well i hope you accumulated some in the low 6;s and didn't hang off for a double bottom 51.

    did you see the line wipe this morning?
    a chart


    must have been a lot at 65/66 for today's 65 VWAP.

    the double bottom crowd down on depth must be muttering
    Mustn't chase it.Must be patient awaiting my "bargain".

    ahhh it's a cruel game. it's dynamic psychology.

    you can't just pluck an ideal buy price and stick to it despite evidence one's calculation parameters may be wrong ie There's DEFINITELY going to be a Placement so I'll be canny and hold off.

    Sometimes that's really valid,a good plan based on fear [of placements] but in this case there was a miscalculation of greed and the 'chase' factor has come up.

    decision making on the turn of a pip.

 
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