ATN 0.00% 0.2¢ ashburton minerals limited

Classic sell on strength today.I bought yesterday at 0.079, and...

  1. 4,245 Posts.
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    Classic sell on strength today.

    I bought yesterday at 0.079, and very nearly sold open today due to the price pressure during pre auction (also due to yesterdays finish at 0.075 - not a good sign) But I took my finger off the panic button, and just waited for the panic to subside to look for a better exit position.

    Sure enough it came at 0.081 for me, but even I was surprised at the sudden rise that topped out at 0.083.

    SELL ON STRENGTH was the theme for today!

    The strength came suddenly, and faded soon after to finish at 0.067. It didn't help either that today is Day 3 for T3'ers to exit.

    So tomorrow or Friday may present a better buying opportunity for traders.

    For those guys holding from 0.02 only 5 minutes ago it seems, who cares? But if I was a buyer at 0.02, and when it very nearly hit 0.10, I would have been out a long time ago.

    Cheers

    eMark
 
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