Spot on, brakedust. And thanks to AG1989 too.
You're right brakedust, about the downside of selling and then missing the pop when it comes. I would hate that. Just to clarify, I meant that I'm considering trading only new shares that I buy on dips and sell on announcements, not the ones I hold, which I'll continue holding in the belief that a long-term strategy still has merit. I think of it as hedging my bets (take the Middle Path, Grasshopper!) because I bought more than I should have for a speculative stock and selling down a bit will make me sleep better. My hope is to make enough money out of the short-term trades to recoup a good percentage of my initial investment. After that I can put my long-hold shares in the bottom drawer and not be concerned about the short-term share price.
Short-term trading is not a strategy I like or practise. But in this case, I'm going by the numbers. After doing the exercise of plotting announcements against the share price, it just seems like such a strong pattern that – if it continues in the same way – will deliver returns. I'm not confident now that future announcements will have any more of a positive effect on the share price than the recent ones have. I think of Einstein's famous dictum, that stupidity is doing the same thing over and over again and expecting a different result. Maybe now it's time to try something different.
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.81M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $12.53K | 1.091M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 5507224 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 8921418 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 5507224 | 0.011 |
34 | 10914388 | 0.010 |
30 | 10819377 | 0.009 |
15 | 6515590 | 0.008 |
5 | 2322000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 8921418 | 17 |
0.013 | 8601164 | 9 |
0.014 | 4244600 | 8 |
0.015 | 3810848 | 8 |
0.016 | 4415631 | 10 |
Last trade - 12.19pm 14/08/2024 (20 minute delay) ? |
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