I agree that I don't like shorting.However I disagree with you...

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raulhuynh

701 Posts.

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15/09/20

09:37

Post #: 47342185
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Originally posted by nikunjsahani: ↑

haha , na mate, I’m a small fish & wouldn’t be shorting anything. I’m still Long on spt (got > 107k of these + hopefully get a decent parcel on spp). Nit worried about the drop today. For me 1.36 is the key support zone (have a look at my earlier posts & you’l notice I’ve mentioned it many times as thats where spt bounced off about 4-5 times last 2 months). If it breaches that yeah I’l definitely be concerned without a doubt. But not on todays drop, these things are heavily manipulated & wouldn’t be surprised if someone higher up has been accumulating. Do wish I cashed out on 1.9 like you & got it back again but I’m not good trading so preder to buy n hold to make up for it with time giving a good safety net. Lets see what the next few days bring. If I didn’t have a lot already I’d have been buying more. In terms of shorting, even if I become experienced & good enough one day for it, I won’t be shorting something thats been in this 1.36-1.92 channel for a while. Would instead short those that have 80-100% high days instead in the spec world. I’l say it again, ppl don’t make money on the sidelines...its a neutral territory. Still got to be in it to make some & if we were so good at picking the bottom or top, we’d not be chatting about it here.

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I agree that I don't like shorting.

However I disagree with you sitting on sidelines gives no return. Remember I can now buy back with MORE shares, which is big return for me already!

Cheers mate.

SPT Price at posting: $1.47 Sentiment: Buy Disclosure: Not Held
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