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Lol I’m not bitter, I don’t make my money just in one share.
I’m not jumping on an extremely over extended hype train, thank you though haha. If I thought GGP had a lot left in the tank I would of course put my money in, why wouldn’t I? I have no interesting ‘deramping’ a shares. If I was confident i would reap the rewards I would join in.
You might get another 10-30% at most, if at all. The pull back will come.
I don’t need to be ‘an authority’ on anything to understand price action.
All the best lol!!
Look up investment cycle of mineral discover which holds true for almost any stock. Exploration is one of the times where the price is at its most bullish. When the cat is out the bag people will sell. And believe me GGP, EUA and all the big runners are due a substantial pullback in price and mark my words. No need to sob about it or whinge or cry about it. It’s part of the market cycle. GGP is so overcooked beyond belief without any recent pull back. A lot of people will get burnt. Pull up a chart and look for yourself. What historical stock prices do you see 100bag go up and up and up and up, and either continue going up, or go Horizontal. 0. None of them. Never happened lol. Sorry to the fan boys out there. ATM BZT is hugely undervalued based on MMIH alone. GGP is completely over cooked, and you can bet your *******s to a barn dance the pull back will come.
I don’t think it’s ‘twitteratti’ ramping nonsense lol.
I don’t think anyone said BZT was a contender with GGP. I think it was that as a comparison BZT is like 0.75 % of the market cap of GGP.
Now in terms of a COMPARISON - that is way off the mark.
So I wouldn’t say it was nonsense at all lol.
0.75% of the market cap. In terms of comparative valuation I think everyone can agree BZT should be a lot higher.
Or we are just at the start of the big trend up, you have to start somewhere...
In which case we know where this is heading ;)
HUGELY undervalued comparatively. GGP probably overvalued but still highlights the scale of difference, especially given that MMIH is only one potential part of BZT, let alone Hope etc
I’m going to peekaboo you, you interest me far too much I can’t not
You’d get a rising star award
You guys ever thought about performing at London Palladium?
This answer confirms everything.
I am a trader. That’s why I’m here. I don’t need to give you a list of reasons for my entry.
But unless your deliberately deramping to assist with your shorting position why do you keep posting? Over and over and over. The same as Cherry. And the fish man.
I’m struggling to understand the reasons behind you posting at all, unless you have some current and worthy news to share with everyone.
Well you clearly don’t believe in upside. And you say the stock is good for trading. So what you’re saying is you’re a trader shorting the stock? I guess that would make sense.
What a crock of bull****. Go feed someone else.
To be fair I was referring more to Cherry. And you’re right you can be a non-believer, and still trade. However you have a lot of negatives to say about PREM when we are at the bottom of a move, which wouldn’t really align with wanting a bullish move from the bottom as a trader, if that is what you are doing :) so your comments don’t strike me as trader mentality.
I’m saying people are investing based on the future and not based on the past. And anything relating to the future is currently conjecture.
But my question remains. Why are you here? I don’t see why you wouldn’t sell shares and leave the board.
You say ‘our hands’
So you’re an investor? If so, and the future seems so bleak, why don’t you sell your shares and leave the forum and spend time elsewhere?
Same as Ackers & Cherry which sound like ice cream salesmen. Yes of course you research your mining stocks by doing ‘ground visits’ ^^. Most ridiculous thing I’ve ever heard.
To you both also, why are you on this forum?
I’m completely amazed at all these ‘investors’ that apparently have lots else going on with investments elsewhere, yet spend all their time here on this board?
I don’t think I’ve ever spend any time, anywhere else, except in the stocks I’m invested in. And if I am invested, and I don’t see a future, why would I be holding shares? I wouldn’t. You would sell and cut your ‘apparent’ losses.
Call me what you want but this is the most ridiculous, suspicious, oddest load of drivel I have ever seen.
The presence of non-investors or non-believers makes no sense.
Why are you here? Who are you trying to convince, us or yourself? If people are still invested at this point, they are for a reason and are fully aware of the company history so why are you continuing to bore the group with this incessant smear campaign.
It’s makes no sense whatsoever.
It’s laughable and cringeworthy listening to the decamping.
Investing is subjective to the individual and the choice is their own.
Why don’t you spend time being proactive in a share board where you can add something constructive, because I don’t think people care about what you have to say here. LOL.
Well.
1 - apparently the shares have been admitted. So if the shares were forward sold (high probability, as you don’t generate that level of serious volume from nowhere), then soon, if not already, the overhang is gone completely.
2. If the shares have reached the investors accounts, then they will return the borrowed sum, so I guess you won’t see a rush of buying from them as they have covered themselves.
3. You don’t get a dead cat bounce from the breakout of a bullish wedge anyway.
So actually, given the above, and the clearance of debt. This actually puts PREM in a very good position.
People can cast their emotions on whatever they see fit. But currently these are the facts. Also the best possible entry into any market is at the very bottom. And you reach the bottom for a reason.
For anyone who has been ‘burnt’ before by this or any other stock. I hate to say, the responsibility remains with them.
You should only play with what you can afford. If you average in, use stop losses, diversify your portfolio and risk manage. Then largely you aren’t at any risk at all. So anyone who got rinsed in an underperforming stock to date; the fault is there own. Regardless of it they followed a pump from someone else or not.
Given what I know, this still remains to actually be a great entry into something which could very well be at the bottom for all the reasons everyone actually agrees on. In which case the price has a much larger chance of moving up from here. So from an investment perspective, then it’s a great entry still.
If people took time to be more logical and less emotional it would probably pay off.
I got kicked from the PREM telegram group for telling another 'charter' he was wrong. So for anyone whos interested.
0.054-0.055 is our first resistance level, and you can see we are struggling with that this morning. 0.054-0.055 also marks the daily 50sma and previous bottom of the low volume accumulation channel.
The second real resistance is the 0.075 which marks the 200sma, the top of the accumulation channel and also coincides perfectly with our 0.236 retracement fib. This will be a more formidable resistance. This also marks the last of the historical high volume price areas. You can see after this the price by volume drops off considerably.
Once we conquer 0.054-0.055 a break above 0.075 will be significant and the price could run harder.
Also remember you HAVE to find support above resistance. You can move above an area of resistance however if you fail to find support, then it remains our point of resistance
For non-Chartists:
I will mention it for educational purposes.
When someone mentions the ‘daily’, each candle represents 1 day of trading. For the ‘Weekly’, one week of trading, etc.
Regarding the moving averages. Generally you have the EMA and SMA. EMA is more responsive to immediate trend changes. SMA more accurate to longer trends.
For example the Weekly 200 SMA (currently at 0.2), this is basically an average of 200 previous weekly candles at and average price. Thus a line is drawn. A line of average.
Similarly if someone mentions a daily 50SMA, this is a chart where each candle represents a day, and the moving average line represents 50 previous days of trading, at an average.
The moving averages, the 50 & 200 averages are formidable support resistance. The higher the timeframe, daily/weekly/monthly, the more ‘weight’ the averages carry, in terms of being able to reject/support the price.
As such, a break of the daily/weekly/monthly averages, indicate to us, bullish signs. If we break past this area, and then retrace and find support here, then we remain bullish.
Hence price will always appear to zigzag. As we break resistance and then retrace and test this as our support. We continue to do so until the resistance/support is to formidable, and then a trend change occurs.
Outside of moving averages we also have historical price areas, fib levels, etc etc . But just an idea of how it’s works :)
0.2 would be the idea sell zone. This being said each week this price is not obtained, the average will move systemically lower. A break of 0.05-0.55 then we move to 0.075area for break of the daily 200sma and weekly 50ma. A break above 0.075 and 0.1 is definitely on the cards as this would be a psychological area as this is a whole number.
As we have been in a bullish wedge there are various historical price resistances and several resistances between here and 0.2. That being said 0.2 (approx where the moving average sits now) is the goal.
A break of the weekly 200sma is extremely bullish. Though afterwards a pullback and restest of the area is likely. As we break any resistance, generally we pullback and retest the resistance as our new support before we move on an break the next one.
My twitter handle is the same as my name here, i will post updates next week