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
Because that will make them day traders . It would be very...
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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
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |