it’s always a heated point DT action on company’s we hold imo....

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GODS BROKER

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06/04/24

13:09

Post #: 73219589
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Originally posted by bigpelican: ↑

"Sadly BP day traders in oily pennies are a necessary evil of the space, they are as equally as important as LT to MT investors in many ways, they provide liquidity on news and they also help very much appreciate the SP north..."

Absolutely disagree GB. How's the SP today? Down 13% yesterday and another 12% today. Not an insignificant drop for those who bought in the 5's after seeing the DT action.

Mysteriously (not) I couldn't find reference to GLV on the DT thread today, simply because after flocking to the company on announcement like seagulls to a bag of hot chips they quickly shat it out the other end when they finished having a feed. Not only did their significant volumes in quick succession shove the SP backwards, it unnecessarily sucked other investors into the vortex. That there, is the stick in the spoke of the wheel trying to move forward.

DT's aren't necessary and certainly are not important for the SP, In fact the less they have to do with a SP the more sustained the run will be on positive news. The only liquidity they generally provide is in extremely short bursts which might be welcome if you happen to want to offload at that moment. The negative liquidity they provide stifles SP and erodes confidence of those looking to enter. I say again that DT's are a stick in the spoke of the wheel trying to turn.

When I am stalking a company for an entry the very first thing I do is go over to the day trading thread to see if it is being pumped there. If so I almost invariably I wait 2-3 days to see if the day traders have moved on and if so I usually enter at a 20-30% discount if I like the chart and/or fundamentals. In fact for the last 4 years my annual average return has increased circa 30- 35%% simply by avoiding entries into stock that the DT's are pimping.

Anyway, each to their own. Good luck all for next week!

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Originally posted by Cand1eStickMan: ↑

Hi Bigpelican, good post and great to hear your trading plan is bringing in healthy returns. Day-traders may not be necessary, but the reality of present day markets is that they have been inundated with new players due to the accessibility of sophisticated communications and trading technologies. The amount of day-traders has exploded with the trend and the rise of the ever-eager trading guru's teaching "hit and run" trading systems has just amped everything up to where significant impact can be felt at the share price point.

Certainly agree that if the company has enough long-term holders they may be able to contain the day-traders effect of heavy SP fluctuations. This can certainly bring long term confidence in the resilience of a company and the growth of its SP. We however are in the land of high risk/ high reward junior oil & gas exploration... doesn't get more free-wheeling than that!

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it’s always a heated point DT action on company’s we hold imo.
Fridays close isn’t directly relative to DT,s BP, even though many don’t want to hold over a weekend, but chances are they will be back Monday riding the wave of GLV positivity again atm, and provide liquidity in GLV to breach blue skys again in the ST, sure the DT,s will come and go as GLV journey progresses, but imo there is no way the hinder us as MT to LT shareholders of GLV.
Probably best for us to agree to disagree on this one imo, but take note of GLV market runs over the next 12 months, I bet the coincide with DT action especially a big gap $$$$$

Which of course we love as shareholders

GL guys great space to be GLV atm imo, day traders and all $$$$

GLV Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
7 Upvote

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Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $22.54M

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Last 3.9¢		Change -0.001 ( 4.88 %)
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it’s always a heated point DT action on company’s we hold imo....

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