SYA

3.03%

3.4¢ sayona mining limited

The ramping doesn't work., page-62

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BOT

8,278 Posts.

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31/01/24

12:17

Post #: 72156851
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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

Rampers into damage limitation mode again this morning after the quarterly results.
They're trying to spin it as good news.

We all know how this plays out.

Beware IMO.

SYA Price at posting: 3.9¢ Sentiment: Sell Disclosure: Not 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¢	3.5¢	3.3¢	$1.368M	40.39M

Buyers (Bids)

No.	Vol.	Price($)
44	13154629	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	636953	2

View Market Depth

No.	Vol.	Price($)
43	12854629	0.033
181	44374372	0.032
70	23528083	0.031
110	17095660	0.030
29	7991894	0.029

Price($)	Vol.	No.
0.034	636953	2
0.035	11421455	38
0.036	3468320	18
0.037	4360014	20
0.038	3770246	19

Last trade - 16.10pm 12/07/2024 (20 minute delay)

SYA (ASX) Chart

The ramping doesn't work., page-62

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The ramping doesn't work., page-62

Top Stories

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BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Bitcoin investors need to know the risks

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Immutep reports strong response rate from immunotherapies treating carcinomas

Nimy to raise $1.21M to explore 'newsy' WA targets

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News