Don't sweat. We've seen these games several times already.
They're part of the fun, actually, once you get used to riding the rollercoaster.
eg Everybody can see the dirt cheap shares every morning that are being put up for sale, while equally higher bids ensure the indicitive price is still roughly the same as the previous day's close (at least to kick off each morning auction).
Your broker can explain the legitimate reasons better than I, but sadly for newbies, the sight of those dirt cheap shares (or increased sale volumes) can spook them into selling (especially if they don't understand the value of a share properly)... and for every sale, there is a shark waiting to snap them up.
It seems to me that a lot of inexperienced traders also set their stop-losses at levels which are too easy to trigger - then hang a neon flashing sign on themselves saying "please hit me" by loading their stop-losses into a digital system where they can be seen publicly by other investors. They might as well play poker with their hand of cards facing their oponents.
If it was something that newbies could relate to more easily, like townhouses or apartments, perhaps they wouldn't fall for it so often... eg just because one guy in a complex sells his unit dirt cheap doesn't mean that the real value of the whole complex has dropped.
But the volatility is how day traders make their bread n butter. It can be an exciting way to make a buck. On the one hand, we can argue that they cause the automatic pull-backs in the first place...
eg long termers LOVE the sight of 3 big tall candles after a gold bell... while many day traders are trained to be blind to the gold bells, so 3 big tall green candles are enough to make their fingers all jittery, hovering over their "sell" buttons for the next "signal", LOL.
There's plenty of chartists in the Chalice threads who are far more experienced than me, but since I know you have been struggling, I'll take a stab at it from a newbies perspective (with appologies to everyone else for the over-simplifications below):
eg, here's my rough attempt at a simplified chart for Chalice which shows the last time we cycled sideways... and what looks to me like the start of another month or so of cycling sideways... the chart is warning me it could bounce 30 to 50 cents every day for a while, which is too scary for some folks, so they'll sell... but as a long termer, I wouldn't sell now, not even if you paid me double.
This chart also suggests to me that the market is indecisive... cycling sideways at a growing level of confidence (as it levels out)... just waiting for a strong signal to take off again. But that's just my interpretation. DYOR.
Luckily, it's also the day traders and chartists who "catch the fall" each time at their floors of resistance, which tells them when it's best value to leap back in.
Don't get me wrong, I love probability and statistics, so this is not criticism. It just seems a tad ironic that the more people who use charts, the more the patterns become self-fulfilling prophesies... and the easier it is for investors who watch both charts AND gold bells (TA as well as FA) to profit, no matter which way the wind blows.
So hang in there. Cheer up. Have a box of puppies.
Long termers like us watch the fundamentals, so we count the value of minerals in the ground like a warehouse counts boxes of widgets in a cellar. Except we back companies like Chalice who have a knack for finding cellars, which are fully stocked to the rafters, LOL.... and we have a pretty good idea how many $3 billion dollar "cellars" may be down there waiting for the team at each project all over the state.
As shareholders, we just need to let team have all the time they need to package up the first one at Gonneville.
Of course, it would be a whole lot easier, if the dang beast didn't keep growing so fast, every time they sink a drill into it.
We also need to be considerate to the new investors joining our ranks.Now that we're in the Top 200, we've been exposed to the largest sector of retail investors... including many mum-n-dad small super funds and small app-users who've never had anything to do with explorers before. Let's face it, Julimar is such a stunning unicorn, it was hard enough to convince the speculating end of the market of its value the first time. And now the team are hot on the trail of a whole herd of unicorns called Hartog, Jansz, Thor, Odin, Barrabarra... and that's just the front runners. It all seems just a bit too good to be true (until you understand that Chalice is prioneering their more efficient IP for discovering such rich combinations of the most valuable metals.)
But if a company doesn't have an EPS or Dividend, then many T200 folks have no experience in how to measure up Chalice for their portfolios. That's not a bad thing, really. It has helped to keep their portfolios low risk among the much slower, steadier blue chips.
It also helps me to remember that most retail investors also have busy lives, families and businesses, so it often takes 3 days to a month before they even get to read any gold bell announcements - and it's often second hand through their broker's blogs and newsletters.
So they'll be understandably hesitant and prefer to sit back and watch for a while. After all, it was only last year that we were a little "micro" mutt "dog stock", and now we're up and prancing around with the champions of show, LOL.
Sure,
WE know that the Chalice team are top performers. They've been smashing it so hard all year, they've made all their down-rampers look completely stupid.
Luckily, we've got at least one more Gold Bell due this month, I think.
And in the meantime, the nationwide shortage of labs to test everything, is providing new investors of the Top200 with about 9 weeks to get comfy watching the confidence grow in this sideways cycling...
and giving them time to learn how to read a gold bell with lab results, so this can happen for them next time too, LOL:
(20min delay)
