to answer that, my approach is to accumulate where i see value, at a window of opportunity. Not wait to hitch to a shooting star. Far more comfortable accumulating at value, in the trenches, where upside is more a waiting game if catalysts are pending. The shooting star approach, IMO, has the higher probability of becoming a capital trap, in a false start. I dont chase day trades.
when the 3.7c was announced, the drop form 5c etc, i thought anything close a few pips wont matter, if as it was going to sophs, no retail component, might not offer the window open for very long.
I would rather accumulate an entry, and if it did rise unexpectedly, i was covered, and if it did reach CR levels, or just below as often the case if there are attached options, accumulate further, from a light entry to a wagons eventually full.
At the end of the day, the first buy for mine, has to say value to peers = opportunity where there is a clear rational to CR use of funds to unlock value recognition. Not CR for lifestyles, but value catalysts .
Seriously, at 5m mc, or 4m mc, whats the difference, when peers start at 20m mc and anywhere 40 to 60 mc . This could equally have hit the 4c level on CR and had more instos support recognize the value.
Are our assets dodgy or jurisdiction in IRAN ?
place your bets, its all gambling. We as individuals have to decide what is the important metric that creates value entry, not dancing at the height of the music when its loudest. that is the time to take profits imo. Thats what makes a market, different value metrics. The impatient, and the patient. the pissed off zinc holders, and the vanadium sector wishful thinkers.
Not discounting the irrational market, and bear effects either.
All IMO & DYOR.
PUR Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
(20min delay)
