Too right @Wormtrade. Also the speed the bots manipulated the share price down was 4 times faster than they took to get it up to where it was. Unless you were not at work and sitting in front of your PC you would of had no time to modify or cancel any stop losses you had in place.
Personally I think they are a cop out, you either believe in the company you invest in or you dont. If you have them because you borrowed money for your purchase and the bank requires you to have them in place you have set yourself to be bent over and taken advantage of when short attacks likes this take place when the SP gets ahead of itself. They lull you in by getting their bots to make it look like the share price is running away from you and your FOMO makes you chase it hoping to make a quick buck and then just as quickly you are parted from your shares and licking your wounds while the instos are laughing counting their profits at your expense.
Like the great man Warren Buffet says, if you want to really maximize your profits pick a stock you believe in and go all in and watch it like a hawk. Which super funds that have to diversify, by not investing more than 5% in a single company, to minimize risk can return 10+ bagger returns like some of us have here. Hell you can loose your shirt if you invest decades of your life savings and it goes pear shaped like a few BIG and Slater and Gordon investors found out. For those with the Cohones to go all in and pick a real deal winner like A2 the end result can set you up with enough FU Money that will not only set you up for life but also future generations of your family to come..
You can try to join the insto party and sell down or out when its seems overbought and try getting back in lower but history has shown if the company comes out with a early positive announcement you, just like the instos that play the game can miss out getting back in without paying more than what you started with. Once you have made your windfall you then you can sell down some of your multibag profit and diversify to minimize risk and dont have to risk it all for another chance at a windfall Be happy when such a stock comes your way, take some off the table when the time is right and be happy with what you achieved and dont risk it all again just because you think you can pick another winner like A2m twice in a lifetime.
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Too right @Wormtrade. Also the speed the bots manipulated the...
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Last
$5.59 |
Change
-0.060(1.06%) |
Mkt cap ! $4.041B |
Open | High | Low | Value | Volume |
$5.67 | $5.68 | $5.58 | $14.79M | 2.642M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38098 | $5.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.62 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 29294 | 5.580 |
1 | 3788 | 5.570 |
2 | 3656 | 5.560 |
8 | 10076 | 5.550 |
2 | 4500 | 5.520 |
Price($) | Vol. | No. |
---|---|---|
5.620 | 2000 | 1 |
5.640 | 479 | 1 |
5.650 | 7500 | 2 |
5.670 | 3039 | 1 |
5.700 | 19251 | 4 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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