Who are the idiots selling?
Buy low and sell high is the way to make money.
I took a portion off the table into open, reducing my average price to about $0.28. Aiming to reduce holdings gradually on the way up resulting in a net free carry. My next partial sell order at $0.69 is already in the system.
I have found setting my sell targets, sticking to them and patiently waiting generally gives a good result. My sell at $0.55 just missed out yesterday, but turned into a $0.615 at open today, and that is only 1c off the day's high as I write. Even just this week LYC hit my target and gave me some profits at $3.01, today it is back at $2.67.
I would assume most people selling today are banking profits, some perhaps looking to buy back in on the inevitable pull back after the initial euphoria.
I personally would never call someone that just made a profit an idiot.
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16.0¢ |
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Mkt cap ! $286.2M |
Open | High | Low | Value | Volume |
16.5¢ | 16.8¢ | 15.8¢ | $1.111M | 6.869M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 2236897 | 15.5¢ |
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Price($) | Vol. | No. |
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16.5¢ | 1554760 | 6 |
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No. | Vol. | Price($) |
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11 | 2219920 | 0.155 |
16 | 1089094 | 0.150 |
6 | 491088 | 0.145 |
3 | 395100 | 0.140 |
3 | 57001 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 1554760 | 6 |
0.170 | 410087 | 9 |
0.175 | 536889 | 9 |
0.180 | 1366600 | 12 |
0.185 | 2081021 | 14 |
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