SUM (ASX) SUM Chart

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17.0¢ summit minerals limited

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dazthemiller

483 Posts.

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20/08/24

22:44

Post #: 75293876
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Originally posted by dc1234: ↑

I hear what you are saying, and it could possibly play out as you are thinking.

As I mentioned there were couple of reasons I had got out. One was I had bought initially average close to 25. After that I did something which I usually don't do. As I was writing every week, I was slowly bringing down my average by more buys and had got it just over 20+. Usually I don't like averaging down. So was overweight as well. Secondly the stock had risen from 16 to 27, close to 70% increase, on mostly technical reasons (in my belief, I could be wrong).

As I was down most of the time, maybe I got spooked as well, and got 50% off last week. I got out more yesterday, only from technical perspective. I follow certain trading patterns, and like most others, some I get right, others wrong. I will see where it settles. I will be the first to buy if I see a pattern that I am comfortable with. That day may not be far away. I feel its testing some levels now. Medium term I am still very hopeful that something good happens. Short term, I am not sure, hence my holding now is very small compared to few days back. But I could be wrong, and will not be surprised for it to make a good jump, even sometime this week. Lets hope it happens. All the best.

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You talk the same on every stock you post on. You sell when it goes down and buy when it goes up. Totally bizarre strategy. You "think you could be wrong but will not be surprised if it makes a good jump". You can never be wrong making statements like that and you should have been a politician

Originally posted by dc1234: ↑

I hear what you are saying, and it could possibly play out as you are thinking.

As I mentioned there were couple of reasons I had got out. One was I had bought initially average close to 25. After that I did something which I usually don't do. As I was writing every week, I was slowly bringing down my average by more buys and had got it just over 20+. Usually I don't like averaging down. So was overweight as well. Secondly the stock had risen from 16 to 27, close to 70% increase, on mostly technical reasons (in my belief, I could be wrong).

As I was down most of the time, maybe I got spooked as well, and got 50% off last week. I got out more yesterday, only from technical perspective. I follow certain trading patterns, and like most others, some I get right, others wrong. I will see where it settles. I will be the first to buy if I see a pattern that I am comfortable with. That day may not be far away. I feel its testing some levels now. Medium term I am still very hopeful that something good happens. Short term, I am not sure, hence my holding now is very small compared to few days back. But I could be wrong, and will not be surprised for it to make a good jump, even sometime this week. Lets hope it happens. All the best.

Expand

SUM Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.0¢		Change 0.000(0.00%)		Mkt cap ! $14.42M

Open	High	Low	Value	Volume
17.0¢	17.0¢	17.0¢	$10.23K	60.23K

Buyers (Bids)

No.	Vol.	Price($)
1	120000	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	29902	1

View Market Depth

No.	Vol.	Price($)
1	120000	0.165
2	32000	0.160
3	104516	0.155
5	96832	0.150
4	61327	0.145

Price($)	Vol.	No.
0.170	22071	1
0.175	49568	2
0.180	48734	2
0.185	22604	2
0.190	55000	1

Last trade - 12.27pm 01/11/2024 (20 minute delay)

SUM (ASX) Chart

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The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

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