Ann: Hermosa Project Non-Cash Impairment, page-69

I've noticed the buy backs have been getting bigger over the past couple of weeks. Nice. I like companies which shrink (or keep the same) the number of shares on issue year-after-year. I'm suspicious of companies which keep increasing the number of shares floating around.

I have no idea about technical analysis but I could imagine the share price dropping to a teasing $3.01 or $3.02, and hovering there for a few days, then after a bad night on Wall Street, it drops 5% and is suddenly straight into the $2.80s. Maybe I am over-thinking things.

I read in an article recently that share prices follow what happens in the US; whereas commodity prices follow what happens in China.

All the analysis in the world does not help if there's a couple of bad nights on Wall Street and the ASX is down 3% in two days. S32 shares would likely be punished. As I wrote yesterday, the only way I feel I can win is by ignoring the noise and use my cash reserves to buy in increasingly larger sized parcels if/when the share price hits lower price points. I'm happy to collect 5% on a term deposit in the short term, but sub-$3.00 S32 shares are a much better long term investment than a term deposit -- only in my opinion.

If something unexpected happened....like Biden suddenly taking sick, we'd drop like a stone, just like everything else. I remember what happened when President Trump contracted Covid and the market went crazy for a couple of days. I don't wish him ill, but that really would be a buying opportunity!

Anyway, I am always interested to see T.A. graphs. I know nothing about it and find it a totally different perspective of a company I am researching. Thanks for posting it.