SMY sally malay mining limited

It looks ok but for me it is too late and too risky as I prefer...

  1. 6,951 Posts.
    lightbulb Created with Sketch. 1
    It looks ok but for me it is too late and too risky as I prefer to catch the shares earlier on their upswing.Also I do not like base metals shares very much.I also believe that one of the movers Keith Liddell is involved with some other companies , so I am not clear how keen he is .{West Musgrave somewhere comes to mind}. I looked at it a long time ago and noticed carmichaels involvement I believe it was with some lady involved.I did like 'Yandal's' involvement although apparantly only small.However 'Cairnglen' appears to have moved on.
    Back to the charts,if I was invested , which I am not, I would have a very tight stop loss particularly as there has also been a reasonably recent capital raising.
    Ther was highish volume on the last 2 dealing days and higher prices. My stop loss just for tomorrow would be $0.325, my stop loss can alter every day.
    Sorry not to be enthusiastic.
    best wishes
    B2
 
watchlist Created with Sketch. Add SMY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.