STX 2.27% 21.5¢ strike energy limited

Need to relax mate and take a chill pill! Hakuna Matata!Haven't...

  1. 1,823 Posts.
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    Need to relax mate and take a chill pill! Hakuna Matata!

    Haven't you dealt with other spec stocks in the past? They tend to dip before key milestone announcements. Then if there was insider info, you'ld see a bump or rise just before the announcement. Many times though, nothing till after the announcement. And if it was good, shorts are burned, and steady rise happens.

    As I mentioned, I've been expecting shorts and downward pressure until just before the announcement of "start-up". Then hopefully a steady rise to 60s.

    Would be good if they got it done in the next 2 and half weeks, but missing by a few weeks the target date is still ok as ultimately once it is out and pumping, there's no stopping until it is dry and empty!

    The other thing to note is that announcement I pasted was just done 3 and half weeks ago. So even then, just 3 and half weeks ago, they thought they could get it started up before July 1. So let's give them a chance before crucifying them here!

    Perhaps you're better off with some blue-chip stock that isn't too volatie. Like defensive stocks. This is a speculative stock that is about to transition to production. Cut them some slack!
    Last edited by DanglingPointer: 13/06/23
 
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Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
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