Thanks.
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Its been heartening to see punters taking up position.,
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In my last post, when SP was around 4, my price I was buying, it looked a bit fragile. I wasn't even sure about buying. But no more. Honestly, I don't know why we have been rising, some may think sharply. We can all guess. Optimists will think, we have some great news coming up, so "those in the know" are buying. Pessimists will say - its the buy the rumour, sell the news. Which one is it? We don't know, isn't it.
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In my first post on SNT, I wrote I am a numbers person, more than fundamentals. I liked the number then, and like it now. I think the stage is being set up. How far will it go, before we reach the crescendo - all depends on whether there is "leak", '"fomo", "setup", etc. We can all guess. As long as price is going up, its a good time.
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But we all know, results etc are binary events. Nearly. Some may say, based on fundamentals and recent news/thinking etc, 80/90% chance of positive news. But overall its still binary. It can have decent gain or drop on news - anyone playing is part of it. Its both exhilarating as well as frightening. But, high adrenalin.
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Personally, I try to balance my adrenalin with risk. I took some profits today. One-third of my stock. My buy was 4 as I mentioned in my first post. I sold one-third at 5.6, around 40% gain. I have tried to manage the risk, if something goes wrong. Before June 2022, I was happy to take all risks and maximize gains. After the big drop in June 2022, when stocks dropped 50/80%, my play is to manage my risks/losses, so don't try to maximize my gains now. In case anyone was thinking why I sold now. Its individual risk management. We all have to do what we are comfortable. I feel very comfortable after taking 40% gain on my one-third holding. I am now happy to buy higher, because my two-thirds will be rising, or to buy lower, I will get my average down. Looks like a win-win situation, isn't it? Not that simple, but I have convinced myself to make it look simple. On most stocks I play, I have a floating one-third of my holding, I play. Rest, two-thirds, is for big win or big loss - sorry hopefully small loss, but I keep it till I feel its not looking great, till I feel I have to exit.
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Exciting new week coming up. Some big players in control. I have learnt that its best to play "with" them and not have an opinion of your own. But how do we know what they have in mind - price action. Its best to follow price action. That's where I will be, next week. All the best.
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SNT
syntara limited
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4.7¢

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Last
4.7¢ |
Change
-0.002(4.08%) |
Mkt cap ! $76.37M |
Open | High | Low | Value | Volume |
4.9¢ | 5.0¢ | 4.6¢ | $389.3K | 8.169M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 361856 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 34348 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 361856 | 0.046 |
10 | 877058 | 0.045 |
2 | 322700 | 0.044 |
2 | 120000 | 0.043 |
1 | 500000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 34348 | 2 |
0.048 | 798731 | 2 |
0.049 | 592919 | 2 |
0.050 | 1192786 | 4 |
0.051 | 350000 | 1 |
Last trade - 16.13pm 23/06/2025 (20 minute delay) ? |
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SNT (ASX) Chart |