MGX 4.62% 34.0¢ mount gibson iron limited

almost there, page-59

  1. 4,045 Posts.
    lightbulb Created with Sketch. 1
    Hi miki, yes they play on human emotion, drive the SP down and down and down relentlessly, trying to force the little bloke to panic and sell out.

    Then they take a breather and it seems like the SP is recovering, the little bloke buys back in thinking the bottom is in (note the recent run from 61.5c to 90c+). Then they push it down again to trigger stop losses and force more panic selling as the SP hits a lower low.

    IMO best to wait for a confirmed higher low and follow them up.

    As you say, it's all a game to them using other people's $$$. That $$$ is their power, they can afford the volume and therefore can dictate the SP.
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.