'It' is not a beast with a mind of its own that decided to retrace, it's all the individual sellers that make up the market.
I just think it's nerves, jitters, squeeky b*ms, a desire to lock in profit, the lack of a new announcement getting people second guessing themselves.
Lots of stocks are running on the adrenaline hits of fresh news, then slumping a bit in the aftermath.
If you are not seeing it in other stocks then you are not in enough stocks.
Then there is the chat around options, which has given people another reason to second-guess themselves and speculate.
Why do people take profit? Because it is a strategy that works. Gains must be locked in otherwise they only exist on paper. Taking some money off the table is inevitable. People are likely sitting on bags & will take steps to de-risk. This is what is happening IMO because the stock has had a very good run.
We all have to take responsibility for our own investment decisions. We all have to do our own research. But its basic human psychology to start lashing out in all directions if an SP dips and we see red, on the screen and metaphorically. It's not a nice feeling but it is part and parcel of investing - you cannot be well in the green all the time.
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $9.610M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $18.90K | 1.661M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4775725 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 137380 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 4775725 | 0.010 |
3 | 709536 | 0.009 |
4 | 984383 | 0.008 |
2 | 280000 | 0.007 |
1 | 90000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 137380 | 2 |
0.013 | 449284 | 3 |
0.014 | 1447662 | 10 |
0.015 | 55000 | 1 |
0.016 | 220668 | 3 |
Last trade - 10.58am 19/11/2024 (20 minute delay) ? |
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REE (ASX) Chart |