That's a gross oversimplification that ignores the why and the motivation. Clearly it's not based off the company's fundamentals as demonstrated over the past 12 months.
It's quite common for small caps to pump randomly for a few pips and then settle down again. Which is why when certain TA thresholds are crossed and a pump is initiated other people come around to make short gains purely off momentum until they decide to sell off. It's why I was in and out of this company October 2020, knew its fundamentals were bad, had a TON of red flags but recognised there was money to be made mid-pump and made a PSA about those red flags as a "buyer beware".
This stock keeps doing this to and finding new lows, it's why charts are never smooth and straight lines, but never anything like 2020 because it burned too many hands who are now stuck holding those cement bags. But when you zoom out you see the full picture just like here that each time the cycle repeats the returns are less and less:
- Forums
- ASX - By Stock
- Emerging Christmas
That's a gross oversimplification that ignores the why and the...
-
- There are more pages in this discussion • 206 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 SP8 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.054M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2716958 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 92010 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2716958 | 0.006 |
4 | 1026833 | 0.005 |
4 | 7300000 | 0.004 |
3 | 2300000 | 0.003 |
1 | 1200000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 92010 | 2 |
0.008 | 2772521 | 6 |
0.009 | 2525672 | 4 |
0.010 | 1718635 | 6 |
0.011 | 1000000 | 1 |
Last trade - 16.12pm 13/09/2024 (20 minute delay) ? |
Featured News
SP8 (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online