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Disappointing trading patterns at the moment, but yes looks like...

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maxtiger

619 Posts.

03/03/15

08:04

Post #: 14848898
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Originally posted by trythree ↑

There's a lot of short term trading going on in this stock which is making things fairly painful for now, jumping on and jumping off in the space of a day trying to catch the breakthrough to a new high, always the way when share price at these levels where each tick equates to big percentage gain. Part and parcel of investing in micros! I'd bet my house that 90% of the latter day volume today was made up of people who bought on fri and in the morning, not many long termers. God knows how much money they end up losing doing this , buying at 18-19 cents selling at 15-16!

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Disappointing trading patterns at the moment, but yes looks like a lot of short term trading here.

Needs to break the 20c mark again before we see any siginificant movement.

Charts still look bullish; long term and mid term investment mindset required.

E88 Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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