WNX 38.1% 2.9¢ wellnex life limited

I know it was a joke. You even had "lol". I am a short-medium...

  1. 1,627 Posts.
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    I know it was a joke. You even had "lol".

    I am a short-medium term investor/trader. While I need to see a strong fundamental but will always set stop-losses/sell-gains etc.

    At the moment there is a lot of hype and "potential" in the infant formula sector. Same goes for Cobalt, Lithium, Graphite, Uranium, Rare Earth, Iron Ore, Coal etc. depending how far you go back.

    I have found trading and short-medium term investing in "what is hot" is the best way. Never fall in love with a stock. Before a bubble burst usually it takes about 18-24 months to inflate. First 3-6 months the inflation process is quite slow. Then there is usually a 3 month where things deflate or stagnate/plateau. Then the bubble burst (with a couple of attempts to reinflate along the way). Stop losses is the way to play. If the stock keeps going up then adjust the sell to "10-15%" of the upward movement (last traded price). Main thing is NEVER let a loss drag on.

    While I enjoy reading fundamental research but I find too many people stick to this no matter what. I am astonished that when talking about a stock that could potentially fall by 50% some people even say "so what ... just means I can buy more cheaply". Imagine if your fund manager tells you the $100,000 you put in with him/her is now $50,000 but "do not worry even if it falls to $20,000 as you can buy more to average down and things will have to move up sometime".

    Stocks is like a one night stand. Prepare to end it at the first sight of trouble.
 
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Last
2.9¢
Change
0.008(38.1%)
Mkt cap ! $27.08M
Open High Low Value Volume
2.1¢ 2.9¢ 2.1¢ $83.86K 3.119M

Buyers (Bids)

No. Vol. Price($)
1 450697 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 367078 2
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Last trade - 16.10pm 17/05/2024 (20 minute delay) ?
Last
2.9¢
  Change
0.008 ( 38.1 %)
Open High Low Volume
2.1¢ 2.9¢ 2.1¢ 1257883
Last updated 15.58pm 17/05/2024 ?
WNX (ASX) Chart
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