RE: Bottmzup7 Mar 2019 02:22
Strongman, as a trader using TA, or an investor using the same position building strategy as you, I am just as entitled to be on this `public` discussion as anyone else on here...after all, I might even buy in myself if I see the right charting signals.
What I can`t stand, and respond with facts to, is the blatant over rampers almost peeing their pants with excitement and telling everyone on a public discussion that they know exactly how the share price will go to shore up their faux confidence in their gamble.
I love throwing some of the overlooked negatives into the mix just to halt the one way rampers from fooling too many naive newbies from parting with their hard earned cash, and to give them the other side of the picture for a balanced view.
Fact is, there are plenty on here screaming from the rooftops, at 45p, that this will hit 50p - 80p almost in the blink of an eye and you need to buy quickly before you miss out!
Hopefully some did miss out, and now get the chance to buy a lot cheaper.
That frantic ramping was clearly wrong, it was based on greed and hope and fooled many less experienced readers here to now be sitting on a 24 hour 10% - 15% loss.
This kind of share price pattern can be seen almost daily when a share has a huge fall. It will always have an initial bounce at previous support levels and bottom traders have a field day...then move on to the next one.
I have been studying charts and technical analysis for many years, and using it to make many profitable short term trades.
But almost more importantly I`ve also been studying sentiment.... the psychology of the masses, and how the herd move like sheep, or a shoal of fish...its a very interesting subject and very relevant when it comes to short term share price direction.
This stock is clearly being held back by a big seller, I agree with that, but if/when I decide to take a short term punt on this it will be purely on the charting signals...30min - 1 day, as well as the very long timeframe support/resistance levels.
I certainly won`t be one of the `fools rush in` brigade just reacting to what some anonymous ramper on a public discussion says because it fits with their agenda.
And I certainly won`t be told by any anonymous posters on here whether I can put in my valid points of view just because it doesn`t go along with the `ramper only` rules that some would like to apply.
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