KAR 9.84% $1.73 karoon energy ltd

Wasn't me Swanny.....As for the accumulation you...

  1. 846 Posts.
    Wasn't me Swanny.....

    As for the accumulation you mentioned.....
    Something doesn't sit right with me that there'd be accumulation going on at the fresh new highs either mate.

    From what i see in the charts it's just not convincing that this is a sustainable upmove so i'm not keen to put my money at risk.

    So i've put my money elsewhere for the moment & will continue to watch.

    Nothing goes up forever!

    It will retrace!
    Even if this is accumulation, even accumulation has highs & lows.

    Like i said, they're only taking it up so they get a better price when they sell. So.... i'll be looking for an entry on retrace.

    To state the obvious... yep... if i'd held for longer today rather than getting out earlier this mornig.. yep... i'd bank more profits but it could have just as easily gone the other way too.

    As i've said in the past... i'd rather be wrong & miss out on extra profits than being wrong & losing my money.
    That's all

    Kind Regards
    DmansDad
 
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