As long as day traders stay interested in a2m we’ll be right
Once they jump ship and find another game to play that’s when ‘investors’ need to worry .....and the share price settle at somewhere near ‘fundamental’ value whatever that is (and probably not $8 plus)
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Couta1, you have been saying this has been too expensive for a while and to expect a big fall. What made you jump in yesterday on a relatively small pullback?
The reason I say small pull back is that this retracement takes us back to where the price was one month ago which is still crazy high compared to 6 months ago so if this does fall back, anything is possible.
Couta1, you have been saying this has been too expensive for a while and to expect a big fall. What made you jump in yesterday on a relatively small pullback?
The reason I say small pull back is that this retracement takes us back to where the price was one month ago which is still crazy high compared to 6 months ago so if this does fall back, anything is possible.
Irrational play, human weakness, and things along those lines.
FWIW I also bailed yesterday. I'll likely come back in at some point or maybe split my funds with SML, but decided I'd rather lock in my profits and watch from the sidelines for a little.
Yesterday was up to a 14% down, closed off 8-9% down. But yeah surely could it go down even more .... I don't mind the up AND downs. Yesterday I got some at 8.06 and then 7.76 after missing out on 7.50.
Yesterday was up to a 14% down, closed off 8-9% down. But yeah surely could it go down even more .... I don't mind the up AND downs. Yesterday I got some at 8.06 and then 7.76 after missing out on 7.50.
Reminds me of 2009 after the sharemarket bottomed in March. I would come home and check my portfolio and it would be up (or down) 10% to 20% in one day.
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Originally Posted by suse
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