Ask, I know where you are comming from et T3 however I think most trders have licked their wounds and moved on. That is not to say there might not be a few more to go but i would say by todays lack of luster volume most are gone.
If this is the case and we get an update on Monday, even if just a bit of a re hash which is often the case with Updates, investor interest may flow back in.
Last few days has been enough to scare anyone including myself, I was nearly going to sell out at one stage then thought; what right at the most likely bottom?
I remember some time back I use to trade through a broker from the U.S. I dont know how many times, I rang up to express my anxieties when technicals were looking strained to say the least.
His answer was always, have the fundamentals changed? I would say no, he would say then whats the problem lols.
Chartwise right on support as for risk area safest place to buy as lowest risk. Fundamentals havent really changed either; we know initial flows will be low, we know there are other areas in the well to be explored, there is potential for Gas and Oil and they acquired more land due to their confidence
Yes speculative, so is buying any stock on the market, for instance I purchased BHP last week thinking right on lower end of a channel. Then the channel got tested and I sold out taking a loss, only to find it rallied again.
The fear came from thinking we had topped out, then noted after I brought seemed to be a H/S break about to happen in BHP and out I went. A potential high profit ended up a loss simply due to panic.
In my opinion I think those exiting in this deep support area are going to suffer the same consequence. I still here that brokers voice "has anything changed" yes we have gone comercial on low volume. Plenty of potential to be realised. I have already mentioned there is risk but very low from these prices.
- Forums
- ASX - By Stock
- VIL
- relax
relax, page-7
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VIL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online