Hi all,
Last couple of weeks have looked pretty grim for this company in regards to SP trading.
But I have noticed a particular pattern with this company and that pattern is that it releases average news normally just a few days or so before releasing a good announcement.
It looks like someone is trying to get investors to sell off cheaply whilst in fear of the SP falling. In the mean time someone else is buying up as much as they can for a lower price.
Then BAM! Out comes a string of good announcements, so I'm expecting the SP to do some good things fairly soon.
Hold on for the ride and don't sell anything.
People tend to look at the short term win too often and unfortunately it gets the better of almost all investors.
They sit there everyday and say "OMG just look at how much I've lost today, I'd better sell up now".
Truth is, if you have some faith in a speculative company then you should buy at a price your happy with, place an amount in that you are willing to lose and turn off the share market for a few weeks at a time. The market moves up and down and panics daily. Ultimately though it has proven to move predominately in an up ward direction over prolonged periods of time.
Unfortunatley the media has ruined the stability of todays markets with greedy inside traders vacuuming up your cash when they notice the slightest hint of fear from traders without the advantage of inside information.
In my opinon the only way to win with a small speculative cap like ERJ is to invest a few thousand here and there. Then just let it sit for 6-12 months before re-evaluating.
By then some major changes would have occured and you may be a very rich man/woman or you may be down a few thousand, but so be it.
If you want my opinion don't sell, just spread the word of unknown companies like ERJ to others and let the public decide on their own if it is worth investing a few thousand or a few hundred thousand.
If everybody holds they will eventually win big.
However you must be patient and wait at least a few months before even thinking about taking some profits.
Stay in, tell others, turn off the market and take a look again in february next year and I think you'll be pleasantly suprised.
Regards,
Contrarian
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.43M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $719 | 359.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 41738849 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 66743789 | 46 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 41738848 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 65993789 | 45 |
0.003 | 31953006 | 27 |
0.004 | 32701341 | 20 |
0.005 | 21323846 | 6 |
0.006 | 33329999 | 5 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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