So....been busy today so first chance to really post and just been TU'ing the valid holder responses to trolls like SG. Although, if we keep feeding them they just keep antagonising I guess. I indulged last night in humour initially but have let SG go today as was apparent it wasn't a short visit to NXR unfortunately...lol
Like Mak pointed out, very low volume today, fragile SP, no known Ann on the immediate horizon, which gives some the opp to manipulate - job well done I suppose, however I would suggest the sell off they wanted for accumulation is well below what they would like given the aforementioned low volume but buyers have still soaked some up whats been offered I guess.
Anyway, emotion - to me equates more to the FA side of the game, the FOMO's, the FOLO's (new one? fear of losing out eg, profit left), the expectations, the milestones and potential. Logic - to me equates more with the whys and hows, the charts, the mechanics and manipulation.
So, take away the emotion at this point as that is what SG has stirred up and relied upon in his/her barbs, baiting, down ramping etc and look at the logic.
To me there is probably only really 3 types of sellers today:
Those that bought at a higher price in more recent times than current SP and are now in the FOLO stage and are selling out at a loss. Doesn't seem like a rational or logical investment / trade strategy does it? Emotional - maybe. So would masses of them be selling....prob not.
Those that bought in some time ago (iron ore play or early spotters of the tech) and are more than likely sitting in the green still. The fact that they bought some time ago and are still here and not sold out when the SP spiked suggests they are Mid/LT investors. That said, do they also appear to be selling on mass? Don't think so either based on volume.
So, that leaves the manipulators and accumulators. Those that are playing their game to engage the emotions of holders (new, long, uninformed, informed etc) in an effort to force their hand one way or another into selling lower. Would they be playing with the bids / offers, props, would they be looking to force the SP down at various times to catch stops and catch whatever real sellers they can selling into their bids? Quite plausible IMO.
So, as Mak says, lessons here for some maybe, a question of ethics and motivation for others (SG) and for the rest of us...a chance to top up...lol...I still don't have any free $ though right here and now so pi$$ed at the timing. SG could have waited maybe a week or two and I would have been much happier...hahaha...
GLTAH and enjoy the arvo....all JIMO....oh, and SG, prob wouldn't waste time responding to this post as haven't seen any true added value in your comments so far....nothing new or mind blowing or that I haven't seen and researched so far in my own assessments.
Logic vs Emotion
Currently unlisted. Proposed listing date: WITHDRAWN
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