From experience euphoria and panic will cause the price to over shoot upwards or downwards as fundamentals go out the window.
Friday was reaching close to mass panic in my opinion. But when people trade emotionally anything could happen so I wouldn't rule out more heavy selling. Logic tells me to buy during these opportunities and trim into the euphoria. (For reference I bought from 9cents all the way up to 80cents. I started trading my parcel when it went above $1 but kept a majority core holding). I never picked the bottom or the top but who cares.
safest option would be to wait for momentum to change. You might not pick the bottom, but 10% up or down shouldn't really matter for the standard holder. You could divide it over a few price steps and avg out or just go for it and pick a price with conviction given the recent falls we've had and hope your right.
Whether the inflection point is tomorrow, next week or next month is anyone's guess - We know there is plenty on the horizon. I miss people talking about the business so I'd love a quick turn around, but acknowledge when there is 'Blood in the street' people tend to have their head lights on so to say.
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Where is the bottom now, page-15
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Last
9.4¢ |
Change
-0.006(6.00%) |
Mkt cap ! $90.22M |
Open | High | Low | Value | Volume |
9.8¢ | 9.8¢ | 8.9¢ | $244.6K | 2.602M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 96293 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.090 |
4 | 192610 | 0.089 |
1 | 50000 | 0.088 |
3 | 41504 | 0.087 |
4 | 213032 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 9318 | 2 |
0.093 | 10329 | 1 |
0.095 | 65067 | 2 |
0.097 | 64296 | 1 |
0.099 | 266450 | 3 |
Last trade - 11.31am 06/11/2024 (20 minute delay) ? |
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BET (ASX) Chart |