RE: 88E PRICE ACTION9 Jun 2018 11:39
good morning traderjack, cdbeta66, spicemerchant,Cjml,hu11 and all who recommended your posts.
with respect traderjack is absolutely right
a 300% increase from 1p would. Be a 4p
so too is spicemerchent
1p to 2.8p is a 180% increase.
and cdbeta66
a 100% increase on 1p is 2p
a 200% increase on 1p is 3p
a 300% increase on 1p is 4p
and his
100% of 1p is 1p
and mine
300% of 1p is 3p
However the top recommended poster in the last 30 days brombarb got it in one but only got a measly 1 recommendation, mine.
SpiceMerchant think it depends on what definition you use.
or at least that is how I read it :-)
the trouble with the likes of you lot , excluding brombarb and perhaps traderjack, is you read something, misunderstand it and jump to the wrong conclusion.
my comment of increase 300% has been taken out of context. if i had said increase BY 300% yes it would be wrong BUT i didn't
the comment was made in connection with my reference to a 3 bagger i.e 1p x300% is3p
i.e investment increased 300% from 1p to 3p
end of
now back to 88e
support @ 2.65p broken. could continue back to placement price.unless goodflow test.
someone asked who in their right mind is selling with potential good news due just round the corner?
well, conversely there could be potentially bad news just round the corner!
now let's take a hypothetical situation.
someone invested say �60K @ �0.02 in the placement on the 1 May 2018. Just over 1 month later on the 5th June that �60K investment was worth �90k with price @ �0.03 an historic resistance pivot point. according to the price chart.which some of you chose to dismiss as mystic meg, voodoo etc.
what would you do? 50/50 icethingymabob chance of success.
would you take a gamble on it being positive or lock in some of if not all of that paper profit of �30k?
i'm a gambler at heart but i know what i'd do.
that same hypothetical investor.
say he didn't hedge.
his paper profit of �30k in just 36 days is rapidly disappearing in 3 days. . as of friday 8 june @ sell price of �0.0245 his �60K investment which was worth �90k 3 days earlier is now only worth �73,500.
WHAT took 36 days to make �30k has taken just 3 days to lose �16,500. in value.
this �60k hypothetical investor is a professional investor and there are A$17 million of them, is ONLY interested in making a quick buck. he ain't interested in 'keeping the faith' or 'belief in the project' he is out to make sure fire money not gamble it.
he may be the chap who said enough is enough and dumped his�60k investment in the last 2 reported trades on friday for �78.5k
08-Jun-1817:10:052.501,792,468 2.452.55 �44.81kO
08-Jun-1816:36:222.51181,343,872Buy* 2.452.55 �33.76kO
the above 2 reported as buys BUT
for every buyer there must be a seller whet