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coppa1

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16/05/16

18:29

Post #: 17781583
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Originally posted by HudsonDesign ↑

The down ramping while have a little effect but not as much as you think.

And it should have retraced at 5 back to 3 but the announcement came and blew that away.

Strength is there will likely be support at 8.9 and if not strong enough massive support at 5c so if nothing else its made a new low point thats still a bag from previous highs.

But the thing most people dont understand is retrace is not only healthy its a good thing. Because it shakes out the weak hands and those chasing a quick profit and the next run starts from a higher point with stronger hands.

FA will always win long term and if you check long term charts this retrace although seeming to be horrific from nearly 20c will likely not register as much on the long term.

But dont hate on chartists trying to help. Because those that understand dont panic and if people dont panic the retraces are always not as bad.

I expect she still has a ways to fall. But if the FA is as strong as you are all saying, it wont matter.

Have a look at every other stock on here. The big runs always fall hard but if the story is good it can bounce back all the harder.

Down ramping and upramping can do just as much damage. But if your into a company with a good story and a bright future, just log off for a month or two and come back once the silliness is done.

FYI Coppa I never got into IOT at all yet because I saw the retrace and it was busted on news so I always expected it to come back. And I buy on the FA but I time on the TA. So I always wait until a retrace is done to guarantee my profits instead of risking them. And yes from your previous question I have not increased my NW by 400%, but i've done pretty well never the less and my portfolio is mostly all moving up as I try to avoid the retrace unless im freeholding already. But much of my profits are locked in and pretty safe too. And I might have a look at IOT as an option soon enough.

Dont sweat the small stuff guys. Yeah you should have taken it at 18c when I posted the other day, and it could drop further. But from here 9c could hold so selling if your underwater is silly. If you've got massive profits still thats your choice. But I would not sell a loss here.

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Great post Hudson

My prediction is that this sell down is behind a placement, I was guessing that pre orders of the product may have paved the way to production but with no news on this I suspect they need cash so that if TopTech get some deal going they can ramp up immediately.

I would have normally traded this stock a lot more but I had my mind set on these pr orders coming into play and I think MNGMT may have as well.

Imo we will see a placement very soon at this price range

Cheers again

IOT Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

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This week, page-182

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