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Very well said.

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13/07/23

13:41

Post #: 68769507
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Originally posted by cloudwalker: ↑

AllTooHard......

"just for factual sake, in lamens terms its a very bad investment lol You might as well just go burn $100 notes in your back yard for the afternoon, unless of course you think the share price will actually reach 8+ cents Certainly doesnt make them a day trade."

Just for clarity sake you're not buying them because you think ME1 is going to 8c today. Tou're buying them for the "possibility" that ME1 "could" go to 8c by January 2027 (Expiry date). So there's a fair bit of looseness, leeway there.

If you want to point out something truly crazy...look at ME1O. Exercise price 25c and Expiry date Nov 2024. They already have buyers at .2c and have actually hit .3c ! So, it shows there is no reason that ME1OD can't go to .2 or .3 of a cent and you can double or triple your money from a buy at .1

Now that's a trade.

Seems like sometimes the worst thing a daytrader can do is be too rational!

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Very well said.
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