G88

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1.0¢ golden mile resources ltd

Ann: Nickel Discovery Extends Over 3 Kilometres, page-187

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06/12/17

22:53

Post #: 29435336
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Originally posted by coffeecup33 ↑

For those who might might be unaware, tomorrow will most likely be a Dead Cat Bounce (DCB) i.e shorters squaring their positions by buying back (a second source of buyers, in addition to longs). If it goes up tomorrow, it won't be a surge of bulls buying.
It will be this:
View attachment 867713
G88 is a falling stock, and I don't buy falling stocks. I have (like most mug punters for whom the fear of losing money dominates everything, a fear greater than the pleasure derived from gaining it - behavioral finance teaches us this - which leads to a cascading cycle of averaging down for lower entry price, further compounding losses etc...), and it's the road to ruin, though one can sometimes get lucky, and use it as a precedent, which would be most unfortunate. I suggest many here might have done this - I know they have, averaged down - compounding their initial losses.

Personally, I can only go long (CommSec constraint) , and so, prefer a stock that is rising in price.
Rule #1 Don't Average down
Rule #1 Cut Losses (Tied for #1) - already done that.
Another rule (un-numbered) - never fall in love with a stock.
If anyone here has a Capital Loss, it's possibly because they violated one or more of these rules (probably all of them).

Of course, one can say it's "just a paper loss", like the "it's just a flesh wound" line in a famous Monty Python movie.
A huge paper loss can be (is) an enormous disappointment, a constant distraction, entailing dominance by emotion, for which there is no place in markets. You will be eaten alive, and I suggest many have more than "just flesh wounds".
This level of distraction, of pre-occupation with that "paper loss", prevents one from seeing that there always opportunities elsewhere on which whatever funds remain after cutting losses might be better spent. - and there will always be losses / losers, there HAVE to be, else we'd all be rich (hence Rule #1) -
You can always buy back in later. Thinking that you can't is indicative of being a bottom picker (another road to ruin).

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I thought you sold? The fact you're hanging around means you are just trying to reassure yourself you haven't gotten it wrong.. Move onto greener pastures mate. You have made such a great call, we all believe you.

G88 Price at posting: 58.0¢ Sentiment: Buy Disclosure: Held
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Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $4.112M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
7	1425610	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	420301	1

View Market Depth

No.	Vol.	Price($)
7	1425610	0.009
4	593722	0.008
2	500000	0.007
1	250000	0.006
1	200198	0.005

Price($)	Vol.	No.
0.011	420301	1
0.012	1266481	7
0.013	1404486	3
0.014	83333	1
0.017	769231	1

Last trade - 16.12pm 02/08/2024 (20 minute delay)

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Ann: Nickel Discovery Extends Over 3 Kilometres, page-187

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

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Buyers (Bids)

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Ann: Nickel Discovery Extends Over 3 Kilometres, page-187

Top Stories

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News