Ann: Preparations underway for start of Zapato-1 exploration well, page-405

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potato941102

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01/05/22

11:43

Post #: 61129226
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Originally posted by jakspara: ↑

You should be. At least 10 years involved in the sharemarket and you’ve managed to learn nothing, or at least very little, about smallcap investment. The last couple of weeks has really highlighted there’s plenty of holders here who should never own anything other than ETF’s. In 6-12 months there’s going to be a lot of….omg why did I sell near the bottom, that could’ve been life changing, oh well back to the mind numbing day job as I’ve eroded all my funds buying high and selling low chasing the “next big thing”….

For anyone interested in Dow Theory, we are now in the “Panic/Despair Phase”…..this is where a significant distribution of wealth occurs. As sentiment swings from euphoria to panic, those with the experience to recognise these patterns of herd mentality can make significant gains. This is exactly what the great man himself meant by “be fearful when others are greedy, be greedy when others are fearful”. How many of these new participants, in hindsight, now wish they’d sold instead of bought when the sp peaked recently? How many will look back on the current sp and wish they’d bought instead of sold around these levels? It is the same old story, few ever learn the lesson and end up walking away from the share market telling themselves it’s “rigged”.

”Stupidity has a price and it always gets paid”

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well said, although I only got 2 year experience in share market, but this exactly the pattern I saw.

MAY Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.2¢		Change 0.000(0.00%)		Mkt cap ! $107.8M

Open	High	Low	Value	Volume
3.3¢	3.3¢	3.2¢	$42.70K	1.306M

Buyers (Bids)

No.	Vol.	Price($)
4	512533	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	62339	4

View Market Depth

No.	Vol.	Price($)
4	512533	0.032
4	154079	0.031
3	260000	0.030
9	1041210	0.029
17	4744995	0.028

Price($)	Vol.	No.
0.033	62339	4
0.034	287443	4
0.035	1218623	4
0.036	100000	1
0.037	1000000	1

Last trade - 16.10pm 21/10/2024 (20 minute delay)

MAY (ASX) Chart

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