Greed is a very strong motivating force.
The stock market is the arena where all the greed gets to play out.
Prices are manipulated in order to transfer wealth away from retail to BEOT over time. It is up to retail to either hold on, and nullify the effect of the manipulation, or pick the peaks and troughs and ride along with BEOT. This is why being able to read the charts has its merits and certainly can add value in protecting one's wealth imo.
So to our current situation. My belief is we are currently being manipulated down. I had a broker ring me this morning and said they had a client looking to buy a large number of shares. I told them where to go of course. How low can this go down? I have no idea, but these times are meant to test your resolve and I believe if you cave in now you lose.
Always important to keep enough cash in your accounts to get through tough periods. Otherwise, the market will eat you up.
All the best everyone. Looking forward to hearing about mine development progess and commencement of mining operations very soon.
G
ASX Today, page-33830
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Last
$1.33 |
Change
0.050(3.91%) |
Mkt cap ! $3.224B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.33 | $1.27 | $9.997M | 7.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22998 | $1.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 199185 | 23 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$1.32 |
Change
0.050 ( 3.35 %) |
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| Open | High | Low | Volume | ||
| $1.27 | $1.32 | $1.27 | 1659246 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| LTR (ASX) Chart |