Think in conspiracies and you will be forever stuck with your position. Averaging down is simply a retail investor trying to pick the bottom. Waiting and hoping is simply investor disconnect from reality. Everyone wants to feel they can see light at the end of the tunnel convincing themselves the tunnel has an opening aka trap bull long term investment tactic.
Well those who shorted at the resistance last week are grinning probably knowing any 'rally' is just short covering just like last week when price rotated at the high for an even bigger fall.
I have only look at this stock recently and looks like prime candidate for the shorters. Nice and liquid.
stressed?, page-25
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Last
$7.70 |
Change
-0.070(0.90%) |
Mkt cap ! $7.197B | |||
| Open | High | Low | Value | Volume |
| $7.63 | $7.72 | $7.57 | $17.44M | 2.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 482 | $7.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 6582 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |