GLN 0.00% 12.5¢ galan lithium limited

Although one way to avoid rampers is to buy at ten cents and not...

  1. 697 Posts.
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    Although one way to avoid rampers is to buy at ten cents and not be worried how far this latest crash has happened. I sleep at night, very well. Some people in my view are looking for a scape goat to blame for their own greed/fear.
    They know the risk of investing in Lithium brines.
    Things to remember from all the crap said in the last few days.
    - Results for the second hole have not been released. So people saying IMHO this is the result etc....have no conclusive proof as they are not drilling.
    - Timeline for drilling. Drilling can be smooth process like the first hole yes. But putting an exact date on a second hole is just crazy. Differing circumstances arise ( such as casing, collapsed hole, muddy etc etc)
    - The pump and dump. Ok from 30 cents to the high of 68. 4 million shares bought. From 62 to 29.5 a total of 12 million shares sold. The dump is clearly much bigger than the pump. It is also clear that small HC investors that are 'pumping' the stock have less than a million shares each. So roughly 5 pumpers have 2.5 million shares total. If they even sold that many at all. 10 million shares sold by who ... ask yourself.

    Anyway my 2 cents worth is given but you dont make money by selling low and buying high. Which by judging a lot of HC comments people have done.
    cheers
 
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