STX 2.27% 21.5¢ strike energy limited

keep your nerve

  1. 6,346 Posts.
    lightbulb Created with Sketch. 774
    its all about keeping your nerve at present!

    I would remind all long term holders (LTH) that volume is VERY VERY thin, which results in any seller being forced to take a bigger haircut than would normally be the case - as their buyer options are limited!

    The risk of "thin volume" to LTH is it enables a manipulator to manipulate and spook you into parting with your stock - don't let that be you! Nothing fundamentally has changed at STX - other than we already know about!

    All the action is in gold at present so I figure a few short termers are selling and moving to this asset class - not me! Also no real action at STX for some time so these punters are looking for short term alternatives - they will be back at any hint of activity (i.e always on the watch list).

    Crude is cheap and demand is picking up, particularly in the US - where it matters! I note a strong WTI move up last night due to lower reported US reserves - other energy prices will get sucked along in its wind!

    Another thing, STOP fighting! It undermines confidence and therefore flags weakness and opportunity to manipulators!

    My "RANT" for today!

    Cheers

    HC
 
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Last
21.5¢
Change
-0.005(2.27%)
Mkt cap ! $615.0M
Open High Low Value Volume
22.0¢ 22.0¢ 21.5¢ $1.234M 5.706M

Buyers (Bids)

No. Vol. Price($)
31 1802211 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 1027089 14
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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
STX (ASX) Chart
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