ALM 14.3% 0.8¢ alma metals limited

i'm bullish afr . . . but . . .

  1. 1,996 Posts.
    I like AFR as a speccy stock - Massive potential!
    But I'm really uncomfortable with the price action this week.
    Its great for holders but if I was looking to get in now I would be wanting to see where the dust settles before deciding on a position. The gap from 30c after the D & D rec worries me - How good was it to get the positive news straight after that! I would expect a move up after news to be justified - but 100% in 2 days?

    So though I'm bullish long term, I don't trust this price action and would rather walk away and miss out than take a position before the price consolidates. Theres potential long term to make massive money - But short to medium term, theres as much potential to lose a lot too - like 40-50% short term if the gap fills.
    Some may be comfortable wearing that sort of possible retracement in light of the huge potential - but I'm not sure I have that sort of emotional fortitude.
    Good luck all, and hope you make a lot of money, I may join you down the track.
 
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Last
0.8¢
Change
0.001(14.3%)
Mkt cap ! $11.54M
Open High Low Value Volume
0.8¢ 0.8¢ 0.8¢ $667 83.40K

Buyers (Bids)

No. Vol. Price($)
12 3588206 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 1722226 3
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
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