SYA

3.03%

3.4¢ sayona mining limited

"The key to making good money is being long when times are good...

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mAutt

520 Posts.

14

11/08/23

12:05

Post #: 69288132
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Originally posted by BOT: ↑

Hi rampers

I understand that you wish to pump up the stock price with lofty claims and by telling others to ignore 'downrampers'. I won't get into the legalities of this practice which ASIC has been clamping down on.

The truth is that the downrampers which you've been told to ignore are correct and would have saved you much money had you considered their views.

The attempts to pump up the stock price is having the opposite of the desired effect for the following reasons.

Firstly, rampers are just ramping to fellow retail. It's not enough money to move a $1b company up in price.

Secondly, smart money sold at the top. In fact they created the top. Retail dreamers have been buying all the way down due to them being victims of the marketing from the rampers.

When the share price falls below the buy price that these victims, aka weak hands, pray for the share price to return to the price they paid so they can exit. This created overhead pressure.

An example is right in from of you. After the banquet of bull that was served up when price jumped to 16c yesterday, now the victims that paid those prices are cutting their losses. This is why the price is at 14.5c again. This has been happening all the way down from 39c.

Until big and smart hands step in (likely on the other side of a recession), price will keep on bobbing up and being smashed down to new lows.

I've seen this on hundreds of stocks over the past 20 years. The key to making good money is being long when times are good and being out when times are bad. Makes perfect sense but so few people are able to do this as the greed emotion is too powerful.

If you're happy being poor but not alone, then carry on. But if you wan't to make money......

All IMO.
None of the above is legal advice. Just common sense.

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"The key to making good money is being long when times are good and being out when times are bad. Makes perfect sense but so few people are able to do this as the greed emotion is too powerful."

Pretty sure Buffet wouldn't buy your books.

Last edited by mAutt: 11/08/23

SYA Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.4¢		Change 0.001(3.03%)		Mkt cap ! $349.9M

Open	High	Low	Value	Volume
3.3¢	3.4¢	3.3¢	$381.2K	11.37M

Buyers (Bids)

No.	Vol.	Price($)
69	16672213	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	7359997	21

View Market Depth

No.	Vol.	Price($)
61	12998485	0.033
165	42470001	0.032
58	22455178	0.031
94	16182871	0.030
26	2657938	0.029

Price($)	Vol.	No.
0.034	7159997	20
0.035	11402656	33
0.036	6703136	35
0.037	3526513	16
0.038	2988272	15

Last trade - 16.10pm 19/07/2024 (20 minute delay)

SYA (ASX) Chart

"The key to making good money is being long when times are good...

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"The key to making good money is being long when times are good...

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