Ya don't have to be careful when you're in for the long haul...

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wilzy123

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26/12/20

02:30

Post #: 49816992
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Originally posted by Lies&damnlies: ↑

Be careful folks

The next few trading days when the markets open again are going to be dangerous.

The day traders are all over this one. I reckon that over 60% of the volume traded on the 24th Dec from 9.57 to 2.10 pm was day trader action. The pre market auction was an indicator.

They are very good at what they are doing after having done it so so many time before.

The average retail lambs are there to get fleeced.

Remember, what happened in September.

If you think that the sharks have gone away until the new year, think again, there is money involved. No one goes away when there are profits to be made.

Its going to be volatile like the 23rd close of 32.5c , On the 24th the Hi -low range was 41 -51c and closed at 42c.

Just think about that from the previous close BRN to a rose to a high of 57% above the previous days closing price. Then fell from 51c to 42c at the close.

So every buyer from 50c upwards lost 16% by the close of trade all in one day. Play with sharks expect to lose a leg.

So in the next few trading days and there are few before and into the new year. Let me speculate about what happens. How will you react.

Speculation and how will you deal with this (purely Hypothetical situation) from a current close of 42c

BRN opens what a great surge at 50c and then rises to 57c before noon.

Are you a FOMO buyer anywhere in the range of 53 - 57 range and how do you feel when the stock closes at 49c.

This pattern may repeat for a couple of trading days or maybe just one depending on how hungry the sharks are

Then the Day trader interest will pass when there are no more free legs, A declining SP

This is just my speculation and how I deal with markets. DYOR

Cheers Lies

PS Go Viraleze

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Ya don't have to be careful when you're in for the long haul (not day trading) this one lol. I will have my popcorn ready as I watch the donkeys (prefer that instead of sharks) knock each other around.

BRN Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.5¢		Change -0.005(3.13%)		Mkt cap ! $304.1M

Open	High	Low	Value	Volume
16.5¢	16.5¢	15.5¢	$537.1K	3.385M

Buyers (Bids)

No.	Vol.	Price($)
55	1835555	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	230384	13

View Market Depth

No.	Vol.	Price($)
55	1835555	0.155
119	4204165	0.150
36	977230	0.145
41	1096813	0.140
5	76740	0.135

Price($)	Vol.	No.
0.160	230384	13
0.165	967840	17
0.170	1179340	22
0.175	1065244	14
0.180	1449400	20

Last trade - 16.10pm 10/09/2024 (20 minute delay)

BRN (ASX) Chart

Ya don't have to be careful when you're in for the long haul...

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Ya don't have to be careful when you're in for the long haul...

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