Yeah I am just talking technically (this is a TA thread). Strong...

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20/03/19

00:22

Post #: 37817261
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Originally posted by dmaivn ↑

Rally on no news? That happened a while ago and I was lucky to get out. I think it was different at that time when people could give AusCann the benefit of the doubt. Every one was expecting AusCann to release a lot of news about what they had promised to do with the cap raising. There is no such amenability now. I think we now have "the doubt of the doubt" instead of "the benefit of the doubt"! I also see the chart pattern looking very different showing a grinding selling action for extra long down trend with high volume. There are so few days with very low volume.

Yes, technically, it could rally on no news. And we all know what that kind of rally will do to the long who are deep under water with this stock. That will only benefit the cool-headed professional fund manager. Very few retail long will sell to get out. Hope springs eternal until death.

I want to punt a bit for fun. Every time I bought this stock in the past from a clean slate, I got into trouble. I am not tempted enough at this level where the big sellers can still make a profit from the recently released of escrowed shares. I will be tempted at around 25c where I expect the volume to get very low. Not worried about missing out.

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Yeah I am just talking technically (this is a TA thread). Strong resistance normally always becomes strong support due to various factors.

NOT bouncing even in the slightest near here would be pretty concerning. I'd consider it in real real trouble and might even go back to NTA around 15c with zero enterprise value as the market has written off AC8 right now.

AC8 Price at posting: 32.0¢ Sentiment: None Disclosure: Held
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Yeah I am just talking technically (this is a TA thread). Strong...

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