BESBS (buy early, sell before spud) is a well known strategy for trading junior oilers. For the SI's who bought up 138m in the raise at 0.027, a sale at 0.039 locks in a tidy profit without facing the risks of a dry hole. They have probably had a call from their broker reminding them to do just that. Yes, they miss the potential upside but 45% in 12 months isn't bad is it?
Note to self - less greed = more profit. (but I still say buy...)
irrational behaviour, page-2
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Last
85.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $193.8M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.0¢ | 85.0¢ | $96.18K | 113.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 147360 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 833 | 2 |
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| Last trade - 10.24am 10/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |