Share
439 Posts.
lightbulb Created with Sketch. 8
clock Created with Sketch.
02/12/17
19:47
Share
Originally posted by GCar
↑
Yes, haven't seen crashie around these parts for a while... As far as I recall, he sold out at about 60c pre-consol ($3) and his TA-driven view was consistently negative for months and months... Didn't seem to recognise the turnaround, rather kept saying it hasn't been confirmed yet.. Over and over.
As we all know, it shot back up and well past his exit price.. Did he ever buy back in? Who knows? Either glass-half-empty or working for the big boys?! We'll probably never know... Interesting.
What a crazy couple of days we've had... I'm convinced the big boys are keeping the sp down to make the market believe the recent news is no big deal... Then retailers think, yeah it mustn't be a big deal coz the sp has risen much or at all!! Hmmm we'd better sell now, this isn't going anywhere...
Imo we just need to be patient - can't fight the tide of those with much deeper pockets. It will run eventually, it has to once the future revenue streams are further de risked and forward PE looks even more stupidly low..
We are still "in early" imo. The next 3 years will be sweet.
Cheers
Expand
Head and shoulders playing out?
I have the 23% fib at 3.52ish and recent low at 3.52 . It is possible as it approaches support levels that is has a wide spread on the day and drop below before you can blink. Similar to 26.10.17.
Maybe this is only a small part of a much larger time frame?
Disclaimer : I know nothing