Because that will make them day traders . It would be very difficult to time the peak and it might not be possible to re-enter back at lower points .
Eg someone sitting at .016 saw it going up to .022 then .028 then .034 then .048 & then .064
Where do you draw a line ? If you chose at .034 most likely you would kick yourself for selling too early which is fundamentally a strong stock & most likely re-enter at higher levels and burn yourself plus the stress which comes with it .
If you chose to sell at .048 and saw it going to .065 you would have most likely done the same thing .
Guess the long term Holders who sold above .055 cents and have topped back again would have done fairly well as they would have pocketed extra 20-25% and will wait for next wave.
I guess best is to sell a portion to recoup costs when stock multiplies like this and then sit patiently on profits and let things shape up for the company .
Cheers
TG
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $9.789M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $7.559K | 1.008M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 25996116 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1162005 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 25796116 | 0.007 |
26 | 42654224 | 0.006 |
13 | 5581699 | 0.005 |
9 | 6584859 | 0.004 |
2 | 2400000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1042005 | 8 |
0.009 | 5394092 | 16 |
0.010 | 3248924 | 17 |
0.011 | 1742952 | 11 |
0.012 | 4297167 | 7 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
AUZ (ASX) Chart |
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