...it's heart wrenching to watch a stock double ,sometimes treble only to see it fall back ,even with your reseach and belief level at it's optimum and knowing it had a long way to run..we've all been there.
..therefore you can't blame the profit takers ..which I believe is what's causing the price to retrace. The buyers are affraid to come in because OBL is still a fairly unknown entity and some profit takers are trying to cover the mortgage loan.
Let's face it ,if you bought in at .025/.035 and chucked a lazy 50-100k at obl...you'd either have balls of steel and wearing steel underpants not to take profits at these levels...especially if you've mortgaged the home against it and seen obl run from 02c to 075c a rights issue and a second run to 10c over the last couple years.
What do I know ..DYOR
profit taking..,
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.834M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 497683 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 450000 | 1 |
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| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| EMP (ASX) Chart |
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