Anyone else frustrated with the SP with all the positive news we have received lately?, page-112

I was a bit late to the party and got involved after opening a position at around $0.42. I'm a long term holder of others like MSB and know full well the pain of wild flucs in the SP with good news, bad news, no news. Until you actually have products on shelves and revenue streams these biotechs can be very hard to understand, and as much as I hate to admit it, companies that I "believe in the story" like MSB are a shorters dream and it seems to get worse when they enter a major index.

That said SP manipulation happens for various reasons but just accept two things - the money is almost always right, and, the trend is your friend. I might be one of the few that actually embrace SP manipulation for the opportunities it presents to us small players. Rather than despise it, I think you get an edge as a small play investor like us by playing the players. By that I mean try and work out what they are doing, anticipate the next moves, and then get in front of it. We trade in such small amounts as small players that we can't influence the price, but we can certainly benefit on the back of those that can if we can anticipate the action. This stock in particular had a meteoric rise and then the ASX200 entry, so it was always going to be easy to flush out profit takers and stops on those that got in to the hype late when the SP peaked. Trading psychology probably costs small investors more than anything else that loses us money.

I've been looking at the charts this morning (which when the fundamentals leave you scratching your head in terms of the SP, the charts can often provide a bit more confidence or solace of which way the SP is headed for now and when to hold, fold, or get more involved). I wont get into it too much but I am pretty comfortable to double down at these levels on my current holdings, not to average down, because when I open a position I don't go all in on the first date.

The SP is in a downtrend, and I would suggest (IMHO) that the charts (candles) since start of November show little pockets of support and resistance that when touched trigger stops (both profit taking and stop losses). I keep it very very simple when looking at charts, but I can see enough (for me) to double down here and potentially a nice little bounce coming later this week.

Respect to those of you that are sitting on multiple bags, they dont often come around, but when they do they can be life changing.