stocks are rational but they operate to a different set of logics than most people appreciate
like i said - stocks charts reflect water dynamics because of accumulation and distribution zones. so they arent directly attached to say gold price
that means OTT hard rises tend to give way to OTT hard falls in pre cashflow stocks - because all that supports them is theory of cheapness or sometimes not even that
thats why I look at WWI setup here with rampant optimism - because its soooo cheap + near to 2 triggers
it could hit 6c and it would still be cheap with nothing priced in for actual cashflow - ie no true risk to poor go mining execution
people with stock blinkers on dont get this - all they see is company narrative vs individual purchase decisions
only reason this was my smallest holding was because I was 99% invested.
But my conviction is very high because of what I said above. Id have put in whatever cash I had.
risk only really starts entering a holding here above ~5c imo in a trend sense
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $35.58M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.4¢ | $2.8K | 200K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 7061038 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 529999 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 7061038 | 0.013 |
6 | 3639998 | 0.012 |
9 | 1969033 | 0.011 |
11 | 3708999 | 0.010 |
11 | 4478889 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 329999 | 2 |
0.015 | 2033334 | 3 |
0.016 | 3376979 | 7 |
0.017 | 3378642 | 11 |
0.018 | 1916797 | 6 |
Last trade - 10.08am 02/09/2024 (20 minute delay) ? |
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WWI (ASX) Chart |