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
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Mkt cap ! $27.08M |
Open | High | Low | Value | Volume |
2.1¢ | 2.9¢ | 2.1¢ | $83.86K | 3.119M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 450697 | 2.8¢ |
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Price($) | Vol. | No. |
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2.9¢ | 367078 | 2 |
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1 | 450697 | 0.028 |
4 | 446250 | 0.027 |
1 | 1244456 | 0.026 |
2 | 1044499 | 0.022 |
7 | 2742516 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 367078 | 2 |
0.030 | 304000 | 3 |
0.031 | 72297 | 2 |
0.035 | 619090 | 2 |
0.038 | 300232 | 1 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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