The gist of what was spoken about was:
He didn't like the fact that Altura was formerly about iron ore and coal...now conveniently have switched to lithium
He did like the fact there was good general interest in lithium / spodumene
He said keep stop losses tight as he didn't like the parabolic rise and that it looked like a pump and dump
He questioned the "independence" of the report upon which AJM SP jumped.
He felt that if you were in this for a 'good time' and not a 'long time' you'd be ok.
The other bloke chimed in saying he didn't like the fact that with such heavy trading volume it still closed near the days low.
If this continued to happen it showed that insiders were getting out, and that the best case scenario over the next few days would be consolidation showing and that people were genuinely looking to accumulate.
Of course another expert on this program only a few days ago (prior to the announcement) said he could see this going to 20c+ in the medium term and to accumulate through mid 7c (suggested stop losses at 4c)
I'm relatively new to all of this, though am learning one thing very quickly about all these experts. To quote William Goldman's take on Hollywood:
"Nobody knows anything...Not one person in the entire motion picture field knows for a certainty what's going to work".
Seems finance is no different.
- Forums
- ASX - By Stock
- 1MC
- chart update
chart update, page-29
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 1MC (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.53M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $38.74K | 14.12M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
122 | 180381230 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 39662259 | 75 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
116 | 179370980 | 0.002 |
31 | 108723809 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 38832259 | 74 |
0.004 | 12585882 | 45 |
0.005 | 4622436 | 12 |
0.006 | 5178915 | 11 |
0.007 | 11961656 | 11 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online