A couple of examples gj as it would take all day to discuss it here.
DSK, I'm holding as a simple trend trade based on the fundalmentals of Dusk.
MLX, I'm holding, not on MLX's fundalmentals, but as a proxy to the tin price.
So which will I scale into?
You part answered the question yourself.
MLX is the one.
Why?
The answer is all around you. Look at the posts here. No-one care or understands fundalmentals. The Value investors are still scratching their heads...it's the chart stupid! So, I won't add to DSK as that is not exciting enough for the crowd,(you can see by the daily turnover) the crowd are just not there....so it's out for me to scale into. It's just a nice trade.
But look at what your daughter said about Bitcoin, or, the madness of the crowds chasing Bitcoin,Defi, Ethereum or the way overvalued Tesla, or the daytraders here sending stocks like FRX to the moon a few months ago, or the brains trust posters just posting charts. They are all just chasing momentum, anything going up, forget the fundalmentals, as it all in the charts. LOL!
This is the new normal, trading as opposed to investing.So I'm hoping MLX will go to the moon, yes, granted, tin is not sexy, but it is the ONLY way to join the tin rush with an asx listed stock. The crowds should come and hopefully I'll be adding a few times at the break of a consolidation period. A break of .26 is my next add.
.Seems the whole world has gone mad gambling, instead of investing!
.
Expand
(20min delay)