AKM 0.00% 23.0¢ aspire mining limited

General Discussion, page-170

  1. 791 Posts.
    lightbulb Created with Sketch. 56
    So say you have a few million bucks to spend, you get a good parcel to start but you cant turn all of that to shares because it's not for sale at a price you like... If you keep buying the price goes to the moon and you pay too much.

    The longer holders need to wait for returns and the more boring and stagnant looking the price action is more holders will capitulate and sell and you can gobble them up.

    There are also other prospective buyers watching on the sidelines trying to get a cheap price too. If it looks like there is lots of supply at $0.22 or something, buyers chill out a bit and don't get fomo and wait patiently in the buy queue for price to go lower as holders get bored or scared or see something shiney elsewhere.

    Bonus, If the price doesn't move up and down a whole bunch traders with shorter timeframe sniffing around for a good trade will also probably go elsewhere.

    So you chuck a big pile of shares up, if it sells you probably made some money, win. If it doesn't sell you can buy more

    You can always pull the order if it starts to get hit or conditional buy if it gets wiped out.

    Maybe you'd be like average price $0.18... sell wall at $0.22, that gets chomped buy all of $0.23 and $0.24 to replace it (if you recon you're at risk of being out of position) and reset. Still ahead.

    anyway that's my thoughts on the whole idea
 
watchlist Created with Sketch. Add AKM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.