So, what would be the strategy with Elders? At time of writing this post, Elders is 47% down, at .435c. Would it be to buy in, say, now, and then wait until tomorrow morning where it might rise by 10%? How do you work out the timing- today to buy in, and tomorrow to sell out? Thanks- I'm new :)
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asf
Who cares about 10% in this stock! (just talking outloud as I agree with you)
Let's talk traders talk...
If I was to make a potential 10% (still have 10min. to go) by getting in at 44 cents I would need to buy...
- not 10,000 units (10% 4.5 cents = $450 (not worth it)
- not 100,000 units ($4,500)not a bad profit but to recuperate my losses I would need 20x that.
- so I would have to be either 500,000 or 1M units to make it worthwhile.
Now, 1M units at 44 cents is $440K that would make me (potentially) $45,000 by tomorrow.
Anyone out there willing to put a half a mil. into the stock that has been hammered for months believing that it would make him/her 10% by 4pm tomorrow?
Forget charts, fundamentals, common sense, or hope, at least I did.
And finally, if I did not sell it this morning it would have made me sick watching it drop even further all this day today. No stock is worth that many of my nerves and health.
Again, good luck to all holders. I do not believe in god.
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Last
$9.08 |
Change
-0.200(2.16%) |
Mkt cap ! $1.435B |
Open | High | Low | Value | Volume |
$9.20 | $9.22 | $9.06 | $1.705M | 187.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 878 | $9.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.10 | 4000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 878 | 9.070 |
2 | 6172 | 9.060 |
4 | 3696 | 9.050 |
1 | 1172 | 9.040 |
1 | 1172 | 9.030 |
Price($) | Vol. | No. |
---|---|---|
9.100 | 4000 | 1 |
9.130 | 2398 | 2 |
9.140 | 1172 | 1 |
9.150 | 3166 | 3 |
9.160 | 1172 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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ELD (ASX) Chart |