SDV 1.04% 48.5¢ scidev ltd

money flow rising, page-31

  1. 7,432 Posts.
    I,too,take the waiver on being the most experienced trader
    but I'll stick my bit in anyway.
    Day Traders have no concern about the Company activity,have no ambitions towards riding a Company's progress etc.
    "They" are sheerly banking on a minimum percent rise[say 5%+]in a Day and apply this percent to a Bulk Holding for say $1-5000 in a Day.
    Pretty sweet,hey?Mechanically,by no research,they are playing the Market for a daily respectable "wage" from a one cent rise.

    However,day traders are by nature very nervous.
    They have a system requiring tight stop losses.
    The slightest falter and they do d'Dump.

    Specifically with INL,one can see the Breaks of Support.
    26 cents proved an Excellent Support,til it came out Ivanhoe[the Big Sub Holder]was selling out.
    20 cents then shaped Support,til it faltered.
    Now we have 17 cents.
    As it dropped,we can read here how Long Term Holders,
    Doubled,Tripled Down.
    This was the basis of Buying at 26/20/17.
    Seems to me,Volume shows that all the Doubling Down is done.
    Yet INL's price is Constricting in Range.It's not touching even 18.5 anymore.
    I contend that 17 is weakening and IF recent buyers of say 1/200k+ are predominately Dayers?
    Well,they MAY wake up any day and Go DITCH.
    With all the True Believers loaded up with their Double Downs?
    Who's gunner buy the Desperate Day Traders?
    Only those like me seeking a Bargain at 12!
    What's more even at that level I'd want to sniff out a Turn,
    ie not get caught on a shelf
    like at 26/20 and maybe 17.

    You all,or most of you,seem to be In Love with a Share.
    You've swallowed d'Spin.
    Just wanted to give you a contra scenario.

    Won't post this thread no more.
    The Wide Aspect of it is hard to follow.

    Happy Trading.

    ps-If your interested in Science Stocks.Check out PHK!
 
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Last
48.5¢
Change
0.005(1.04%)
Mkt cap ! $92.05M
Open High Low Value Volume
49.0¢ 49.0¢ 47.3¢ $580.0K 1.193M

Buyers (Bids)

No. Vol. Price($)
1 155 48.5¢
 

Sellers (Offers)

Price($) Vol. No.
49.0¢ 20993 3
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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