SMN technical analysis chart, page-861

First 861 Last

Share
Profile

Follow
Patong1

4,247 Posts.

659

01/03/24

06:05

Post #: 72684035
Share

Originally posted by JUSTBOB: ↑

" There's a heap more downside." Posted by Patong when the share price was 37 cents.

This post negated your earlier post, targeting 35 cents. You cannot have it both ways. Your "heap more downside" did not last one hour. The price fell 1.5 cents which was where I indicated that any further downside from 37 cents was a bargain buy.

You may own heaps more than I, but I am significantly older than you are. I retired relatively young, 33 years ago & have been living off my investments ever since.

You may not have experienced the 1987 stock market crash & I will relate it to the futures market. The market fell nearly 17% in early October then it fell a further 25% overnight (SPI closed exactly 2000, opened next morning 1500). In total the SPI finished down 56% from its high to 1054.

I was aware the crash was coming but had sold my company & was paid mostly in shares. I was asked to not sell any of the shares for 12 months. Ten days before the 12 months was up the crash occurred. My shares that were over $3.50 before the crash, went as low as 50 cents. I luckily got out at $1.50.

On the night of the crash, I had sold 7 put options & 7 call options @ $100 per point. I was also 7 contracts short & protected the downside which was $350,000 the next morning. I bailed out a business partner to the tune of $99,000 & still have not been reimbursed. That was a lot of money in 1987.

I assume you were not affected by the 1987 crash.

Expand

OMG, The rinse and repeat post. You are so pathetic; give it up.

SMN Price at posting: 43.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

CBA breaks trading record on strong day for Aussie financials

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

There are more pages in this discussion • 124 more messages in this thread...

First 861 Last

Add SMN (ASX) to my watchlist

(20min delay)
Last 70.0¢		Change 0.005(0.72%)		Mkt cap ! $96.15M

Open	High	Low	Value	Volume
67.0¢	70.0¢	67.0¢	$693	995

Buyers (Bids)

No.	Vol.	Price($)
1	5000	67.5¢

Sellers (Offers)

Price($)	Vol.	No.
70.0¢	13531	3

View Market Depth

No.	Vol.	Price($)
1	5000	0.675
1	1455	0.670
1	7723	0.655
1	10000	0.650
1	10000	0.640

Price($)	Vol.	No.
0.700	13531	3
0.705	10000	1
0.710	38500	3
0.715	12121	1
0.720	57143	1

Last trade - 11.54am 06/09/2024 (20 minute delay)

SMN (ASX) Chart

SMN technical analysis chart, page-861

CBA breaks trading record on strong day for Aussie financials

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Shekel Brainweigh investor presentation webinar – the future of retail automation

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

SMN technical analysis chart, page-861

Top Stories

CBA breaks trading record on strong day for Aussie financials

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Shekel Brainweigh investor presentation webinar – the future of retail automation

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News