The easiest way to lose money on the ASX is to watch daily SP...

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LouisVuitton

1,925 Posts.

148

03/03/21

12:27

Post #: 51481111
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Originally posted by robsmark: ↑

There are some emotional investors on here, its borderline comical.

This is an early stage company, the market cap is relatively low, and as such will move around with the waves of the market. This is not a drop caused by a negative company announcement - no cap raise, failure, bad news whatsoever; in fact the outlook is healthy, along with the balance sheets. Just remember that.

News will come when it is ready to be announced. People asking "have they forgot they have shareholders?!" I highly doubt it! Progress occurs when all the boxes are ticked - not on the share holder expectations. You either have faith that work is progressing or you don't. This is the game.

Here's what we are expecting to be announced though:

- Progress with chip production;
- NASA contract update;
- NANOSE COVID testing announcement;
- Other EAP participant updates.

This is very much a game of risk/reward here, and I believe the patient will be rewarded. If your looking to average down of take the plunge - this could be your chance.

There are plenty of negative posters on here, DYOR and assess whether they actually have a valid argument - you will likely find that most do not.

Obviously my opinion and not financial advice.

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The easiest way to lose money on the ASX is to watch daily SP flucs an act upon them, until you have PLENTY of capital or can actually read and interpret charts the best thing to do as a retail investor is to just set and forget! If you're concerned about it just set a stop loss and you won't be burned, it really blows my mind reading comments that people are selling but still believe in the Co. Not only are you selling at a loss "just to buy back in again on news" but also having to pay the brokerage fee's, you're also resetting the CGT discount from holding more than a year.

BRN Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
18 Upvote

1 Great analysis

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