bgs brother - up in mornings. down evenings

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Trueblue2017

191 Posts.

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05/04/18

12:53

Post #: 32241283
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Originally posted by 1for1 ↑

The sell down to trigger stop losses to accumulate approach is traditionally reserved for market makers vs mom and pop (non-soph's).

For this to work there must be just one market maker or major player versus household players, simply because if they were to sell down a stock another accumulator would buy said sold shares with a zero-sum game.

So unfortunately I don't much buy the relentless sells due to a master accumulation strategy.. it draws attention to a greater weakness with multiple parties selling (not all necessarily big players but the aggregated effect is a continuous sell down).

It's great to think todays update might rerate us to the tuner of 20% on the day but in reality nothing is really new and again those in the know on hotcopper its all pretty much (exactly) what we expected / knew.. and the auger sampling.. well I thought wed have completed all holes with results ready to be released.. another 25 days away!

So basically everything is awesome -- nothing is wrong.. just marco lithium stocks are getting beaten down, the market still dosent trust BGS, and the US stockmarket bubble is scaring the pants out of ASX investors even though we are far far far away from a bubble. We still don't have a cent of value to attribute to our gold exposure which as today has re-iterated, is very substantial (and we know the numbers are heavily talked down so the actualisation exceeds expectations.

Still massively bullish, never sold a stock, market is a funny beast and moves when the major players see fit.. Til then we wait.

My 3rd Year ASX anniversary Take-away:

The market is designed for $20 broker fees to banks, stock broker pip traders who pay an annual fee to destroy the fabric of trading with 1c trades & XT's.. and capital gains tax for the government. All the odds are stacked against us.. only FA with a long-term outlook can be depended on as a strong and feasible approach to investing.

Ill be happy to not have a red day.. god only knows we could do with one!

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bgs brother - up in mornings. down evenings

BGS Price at posting: 42.5¢ Sentiment: Hold Disclosure: Held
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