SYA sayona mining limited

4.17%

2.3¢

The ramping doesn't work., page-5

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BOT

8,363 Posts.

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09/08/23

09:09

Post #: 69237161
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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.

Expand

Ramping went into overdrive on this forum yesterday evening, overnight and has continued this morning.

Many bagholders claiming that they're excited to be buying cheaply. Others claiming that this is just like PLS was before it's big run up.

Let's see if the ramping traps more buyers in, thereby creating more overhead resistance....

Last edited by BOT: 09/08/23

SYA Price at posting: 13.0¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 2.3¢		Change -0.001(4.17%)		Mkt cap ! $265.4M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.3¢	$1.127M	47.18M

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48	17062520	2.3¢

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2.4¢	2551969	8

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No.	Vol.	Price($)
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0.024	2392500	5
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