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657 Posts.

156

24/01/20

16:33

Post #: 42561865
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Originally posted by serena: ↑

Dear Rjohnson...

Unsound punters or you may call it as unsound retail investors (may be including you. Lol) keep chasing the shares when the share price has been going up significantly and so high because they think that the share price will move to one direction i.e. up and up. Sadly, they forget that price could move two directions either up or down. On the other hand, when the share price has been dropping significantly, unsound investors only think that the share price would move to one direction i.e.. down and down and even it has actually reached the bottom, the investors who have sold it a loss, they think that this is the end of the world and share price will never rebound, and they did not want to buy it. Funny, when the share price rebounds and keep going up again, they buy it and repeat the same mistake. LOL. The success in investing in speculative stock is to know the timing "buy low" and "sell high" or "sell high" and "buy low". Know when to enter and when to exit. In reality, unsound punters buy high and sell low.

This is not investment advice.

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"buy low and sell high" or "sell high and buy low" you say? Hmmmm decisions decisions...

MEI Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 10.0¢		Change 0.000(0.00%)		Mkt cap ! $208.9M

Open	High	Low	Value	Volume
10.5¢	10.5¢	10.0¢	$341.5K	3.280M

Buyers (Bids)

No.	Vol.	Price($)
92	5391217	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	1713928	18

View Market Depth

No.	Vol.	Price($)
92	5391217	0.100
5	326281	0.099
4	198097	0.098
5	195650	0.097
3	142500	0.096

Price($)	Vol.	No.
0.105	1713928	18
0.110	1406457	20
0.115	1184316	10
0.120	964121	6
0.125	214000	2

Last trade - 15.43pm 30/07/2024 (20 minute delay)

MEI (ASX) Chart

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