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09:34
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Originally posted by insaf:
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fair point. However, a genuine trader doesn’t invest in stocks emotionally. One moves on. It’s primarily controlled by the technical trading with the willingness to cut and run. By cut and run I mean do not look back. In my early days in investing or trading, I have been attached to stocks and the emotional impact of having a stock not proceeding as planned, primarily due to management, can cause a sense of backlash within. The brutal reality is it is up to us to realize we didn’t assess the risk, recognize the failure and exit earlier - be it using TA or FA or even both. The key is recognise that at different phases of a stock cycle, what is unappealing to someone in that stock might be quite appealing to someone else. Azs is a market darlin now. Does anyone remember the azs pre lithium in 2020 when it was in the sub 10s. Now Sbr is no different. No doubt it has been a disappointing performer however it is in the casino sector of the asx - speculative stocks are gambling in success. We all want the next azs but this is rarely going to eventuate. Spec stocks will be volatile but ultimately will fade away in the absence of success. It’s the nature of the beast. It would be more graceful to have your say then move on to greener pastures than engage in continuous emotional utterances about the past. Maybe the new tenements are useless. However maybe they are not. 5km region with 5 km of a major find is potentially prospective. Will it deliver. At sub 15 mil mc, it is a worthwhile punt. Further, forget the tenement. The mere fact that there are options at 6c introduced to expire in April 2024 indicates an urgent need to get this to move significantly. We will find out soon whether options holders and by default heads will benefit in this going forward.
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Don't you think if management didn't issue those 60 million shares at 4 cents, we would have been trading around 10 cents by now? ( considering the demand that was out there for Andover)
(20min delay)