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clock Created with Sketch. 06/02/15
20:42
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Originally posted by asteroider
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Sure. I have profit but annoying watching this and seeing it underperform peers/the market. I think most investors have left the market since ASIC allowed the ASX to turn the market into an algo casino. Hence whenever a big fund offloads like PPT most of the stock just goes into the hands of the algo operators. Even my broker is running algos for their prop traders now.
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There is a lot of shenanigins out there, but follow the volume. Volume is key in spotting reversals. This one not out of the woods - but not much overhead resistance. Remember, the same F%^AS short, cover their asses and BUY!
