Hi Davolatopia
The fact that you don't see how very flawed your logic is astounds me. Check out my chart.
In green see that the sellers at over $1 and above in the four month period (May to Aug) were brilliant. Regardless of whether the buyers were institutions or not they are heavily underwater. Those sellers can now buy over double the stock they sold with the sale proceeds.
In purple see that the sellers at 0.70 and above in the four month period (Sep to Dec) are also laughing. Again whether the buyer at the time were institutions (which you a espousing) they are also heavily underwater. The sellers can now buy 50% or more stock with their proceeds.
Even the sellers in the last few months at 50 or 60 cents were pretty smart.
Even with institutional buyers persisting, we may still see the SP get to 0.40 or maybe even below.
Mum & Dad investors , retail investors who sold any time last year from May onwards an only be considered astute.
I believe BRN has a great long term future eventually, but even at 0.46 I am still delaying my opportunity to top up again. I did sell some at 1.65 to more than free carry my holding. Lets see what revenue lands into the books in the next March quarterly report due this month.
You need to rethink your logic. Just my opinion DYOR.
cheer Lies
- Forums
- ASX - By Stock
- BRN
- Here's who's buying your BRN. RIP if you sold.
Here's who's buying your BRN. RIP if you sold., page-4
-
-
- There are more pages in this discussion • 41 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 BRN (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13444 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 125000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13444 | 0.225 |
1 | 8544 | 0.215 |
1 | 497 | 0.205 |
15 | 138116 | 0.200 |
20 | 792130 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 125000 | 1 |
0.180 | 147265 | 6 |
0.190 | 20000 | 1 |
0.195 | 155517 | 5 |
0.200 | 439935 | 11 |
Last trade - 11.01am 24/07/2024 (20 minute delay) ? |
Featured News
BRN (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online