as shown in the chart I put up on Friday, there was a clear cross in the MACD... MA still had a slight sell indication, but had gained to the positive... BTC and DCC separated and there was no correlation as some portrayed in the resend sell down from high 7's to the high 3's, that was obvious... being that DCC has no decent business model at present to increase revenue many were making speculations that DCC were selling of BTC.... for the record I never speculated such.. however due to the current bank balance and the 431 BTC they hold, traders may see value at these levels, even though I still struggle to see the current business model worth the gap in the MC over the cash and Assets... in saying that, the gap is speculative, and hence as I mentioned numerous times it looked like DCC was at a bottom... I did say if DCC had sold any of there BTC in the last QTR then expect this to head to 2 cents, as the only thing that DCC would have is some cash in the bank, a failing business model and a over paid CEO... but this was not the case
I sold at 4.4 today... I didnt get 4.5 or 4.6... i feel good, easy 4K in 2 trading days... IMO this is the best way to trade DCC currently until every one has a bigger picture of the business model making actual 7 figure revenue like it once did...
LT did achieve a decent Revenue in late 2017, no reason he cant come up with something decent again...
not sure why I would be blushing.. traders are more confident with this stock now they know the bank balance, and yeah I would agree that DCC is at present being valued and traded according to BTC... but is DCC's MC simply worth their BTC holding, no, is it worth the cash in the bank and their BTC holding together, no... the gap value is traders speculating that LT will bring something to the table, after all he is taking some serious fat income from shareholders money, so hence he should be up to something worthy, surely...
other wise DCC is going to be filled with pump and dump games... after all this is a perfect time for a pump and dump game, volume is there, BTC looks like it may challenge the recent double top in the coming weeks... too early to tell as yet
personally I believe LT will bring something to the table prior to the end of the year, but hopefully it is a stronger business prospectus than they currently have... some decent contracts wouldn't go astray..
either way, I will play the game along with the rest of the traders... might as well... thats what we are here for right?
regardless of what others think of me, Im here to stay at present... I have spent endless hours studying traders moves on DCC, along with understanding the FA... In the passed I have missed numerous opportunities to make quick profit as I simply was in the dark like the rest of the market as to there QTRly balance sheet. I prefer to have a clearer picture.. still loss making however, and even as I type they have portrayed outgoings to still put them at a loss making status.. at times I will challenge members on HC, as sometimes I miss the things that are important... however I know those alike yourself take pleasure in being childish and try to attack me, sometimes I retaliate... but really, I just dont care... this was my actual first trade with DCC after all this time... not saying it will be my last either... if it shot to 7 cents tomorrow, I wont care... I prefer to stick to my strategies, they seem to be working for me... I go ok
regardless we all hide behind a screen, we are all strangers to one another, who knows who is telling the truth... but if you need proof some time, if I buy another round of DCC I will let you know, I will put it at a sell for 20cents for laughs so you can see it... then I will dump it and let you know also... hopefully your around at the time.. is this what it has comedown to? proof... fair enough...
I read a little while ago one of the members (currently on ignore) making out his average was 3.8cents... yet had a held in the 4's. 5's even way back in the 16's+... then not long ago he made out his average is now 3.8 cents and made out like he called the bottom... how could it be?, that would mean even if he had a $20K holding when it was say 7 cents, to get a average of 3.8cents when it only hit that for a few days would mean he would have to have bought hundreds of thousands of dollars worth at 3.7 and 3.8, even then I still wouldn't believe him/her... so I understand how one can be in judgmental when you read that kind of crap... there are a few good guys on DCC threads however... some know how to keep it real...
oops...disclosure should read...not held.... I forget about this at times... sorry..
- Forums
- ASX - By Stock
- Ann: Appendix 4C - quarterly
as shown in the chart I put up on Friday, there was a clear...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DCC (ASX) to my watchlist
|
|||||
Last
4.5¢ |
Change
0.003(7.14%) |
Mkt cap ! $38.98M |
Open | High | Low | Value | Volume |
4.3¢ | 4.6¢ | 4.3¢ | $31.21K | 696.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 204942 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 24911 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 204942 | 0.043 |
5 | 201500 | 0.042 |
7 | 489535 | 0.041 |
6 | 322500 | 0.040 |
4 | 310641 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 24911 | 1 |
0.046 | 110480 | 1 |
0.047 | 13544 | 1 |
0.049 | 170918 | 3 |
0.050 | 247659 | 2 |
Last trade - 15.17pm 16/08/2024 (20 minute delay) ? |
Featured News
DCC (ASX) Chart |