Having been around for a little while I thought it might to opportune to discuss with newbies and old timers alike what they think of the price action and the post responses over the past week. Well particularly the last few days.
I am happy to throw my 2c worth in.
1. Why has the share price tanked on good news? It happens all the time. People buy in early to sell the news. It is a common trading tactic.
2. Is this market manipulation? Not sure. When I see bots buying and selling miniscule parcels then yes. At the moment I really aren't sure but will try and find out which brokers have been selling over the past few days by the end of the week,
3. Are punters expectations a tad too high? Again not sure however I do often wonder whether the angst of perceived stock selection failure outweighs the actual financial loss. It has become very emotional which means people are trading with a plan usually. If short term and stop loss hit then sell and move on. It will happen often. If the plan was a longer hold then apart from some emotional damage you have lost nothing.
4. If you are trading then trade it. Learn that good news doesn't immediately result in favourable share price movement. In fact it OFTEN does the opposite and then all the superlatives come out. Tree shake, manipulation etc.
5 Plan your trade and trade your plan.
Takes away the emotion.
good luck short and long termers. ps. I would much prefer green also but have learnt to be patient until there is something to change my mind.
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $7.649M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $5.207K | 1.559M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 14654658 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 20680773 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 13104658 | 0.003 |
31 | 41601645 | 0.002 |
9 | 74199950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 20680773 | 25 |
0.005 | 14692316 | 11 |
0.006 | 4481175 | 6 |
0.007 | 3180000 | 3 |
0.008 | 3100000 | 2 |
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