I agree. It's really hard for short term traders to play this counter because it's news based in order to induce share price movement. And news is always patchy because time between MOU to fruition (financial close) takes much time, as shown by recent SQ's financial close. It took 2 years between securing contract to financial close.
Hedge funds and large traders understand this. They will capitalise on this phenomena by selling on news and buying in between news events. Longer term funds which make up the top 50 shareholder list understand the secular trend better and will be even more patient with their buying. They will buy only if the stock goes below and at around their last purchase.
So it's important to understand the psychological make-up of players in this and every counter because what they do will show up in the share price behavior. I do hope short termers will heed this posting and avoid yourself inflicting much pain on yourselves. All the best to all.
Chart, page-3780
-
- There are more pages in this discussion • 4,288 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 FLC (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.7¢ |
Change
0.001(1.04%) |
Mkt cap ! $104.8M |
Open | High | Low | Value | Volume |
9.7¢ | 9.8¢ | 9.5¢ | $10.19K | 106.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 1657 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.095 |
1 | 100000 | 0.093 |
2 | 43180 | 0.092 |
2 | 200000 | 0.091 |
1 | 99999 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 1657 | 1 |
0.099 | 10000 | 1 |
0.100 | 26403 | 1 |
0.105 | 91321 | 2 |
0.110 | 110000 | 2 |
Last trade - 15.43pm 13/09/2024 (20 minute delay) ? |
Featured News
FLC (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online