DML 0.00% 1.9¢ discovery metals limited

Zeta underground, page-24

  1. 773 Posts.
    Thanks Burnett,

    Math is not my favourite subject. But my strategy had been to have bought at 3.7 cents and sold at 6.2 cents and bought it back again at 4.8 cents. so now, I am in a bit of a pain but this is the nature of a "speculative beast". Let us hope a bounce comes. The market is artificially pushed down. It does not really matter even if its 2 cents if the volume is low..its only paper loss.

    I would see a bottom at 3.5 cents and if we get a higher volume to confirm capitulation, then reversal could follow but now it is just on a "drift" mode.

    This is the psychocology of it, I believe. If you look at the share every hour for every trading day, this drift can eventually cause you to panic and sell out (fight or flight!) so I would just close the monitor and wait to see how things eventuate.

    don't u just hate it when you see red on the screen!

    what was your entry price if you don't mind me asking ?

    I never had the courage to buy at 2.6 cents but I am happy so far with the position. Let us hope the price suppression does not take too long..I need to pay some bills!

    superox
 
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