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Morning Trading June 20, page-203

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847 Posts.

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20/06/24

12:15

Post #: 74406849
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Originally posted by PL24682468z: ↑

It’s actually quite sad because RCR was booming and really looked like it might be left to move up to 15 cents but this decent profit was not realised by wealthy inexperienced traders.

Look around the market:
1 trade made on LDX
3 trades made on TG6
24 trades made on ENV
11 trades made on CGR
0 trades made on WMG
4 trades made on CPO
0 trades made on EFE
32 trades made on AUZ
2 trades made on LRD
46 trades made on VMS
no movement on ODE or AL8

Terrible situation from companies who all have provided the market with decent announcements over the past couple of months but destroyed instead of allowed to reap the benefits
It really needs attention but regulators of the Australian Stock Traders Association.
Why do they sit on their hands?

I don’t think i will trade anymore between the 2nd week of May and 3rd week of June, it’s too much selling.

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Actually that is a very prudent trading strategy, many traders stand back during May June, bit like many pro horse punters stand back over the spring carnival
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