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ironbark222

4,378 Posts.

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23/01/18

15:41

Post #: 30503824
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Originally posted by DavidW ↑

Sounds like you got in too deep @ironbark222 to activate your stop losses and you are still licking your wounds? Maybe some ducks didn't recognize a drought while others flew north to the wet? I was in a few years ago but got out when world market prices started to look shaky. The writing was on the wall.

Many traders only stump up what they can afford to lose on a core position then conduct further trades balanced as a small percentage of their portfolio. Its called risk management. We are not winners all the time. Like to meet the person that was. Its a question of probabilities discounted by future market distortion as stakeholder realign with growth. Name of the game.

Think your analysis is mixing apples with oranges. Is it really the same old axe when you change its head and then the handle a couple of times? This company has new management, some quality shareholders and a new resource in lithium to back its tier one asset in molybdenum and further gold assets.

My re-entry was based on DTM's current potential as if it were a new entity. We are NOW IN AN UPTREND in the business cycle for its commodities which is the complete opposite to what DTM experienced in the past as a new explorer. It is effectively still a new explorer in lithium, but it is planning its transition to become a molybdenum producer. If it fails on these parameters so be it, as it is a speculative play. No one's kidding themselves. A new entry where the reward is high for the risk if the timing is right makes better sense to me.

If people are trading this stock in the short term, maybe its a good idea to determine where the support and resistance lines lie and whether those with market power have engaged in flicking a few stops or have tried to influence sentiment as it get noticed.

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Where in my post did I suggest that I had lost money.?
Also I stand by my comment re the number of broods, a couple died waiting for Moly, the following gold play did not keep the next brood alive, also the next group of ducks are probably very nervous.
As for the lithium I have already been in and out for a 50% gain and only hanging onto a few to see what happens next, do not agree with the comments that you will miss the boat if you don't jump in now.

DTM Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 1.1¢		Change -0.001(8.33%)		Mkt cap ! $4.845M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$2.893K	263K

Buyers (Bids)

No.	Vol.	Price($)
4	1481468	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	916666	4

View Market Depth

No.	Vol.	Price($)
1	83000	0.006
5	1720000	0.005
9	6290000	0.004
4	8333650	0.003
2	3250000	0.002

Price($)	Vol.	No.
0.007	2707993	5
0.008	3026052	11
0.009	3246810	4
0.010	1919968	2
0.011	500000	1

Last trade - 14.11pm 15/11/2024 (20 minute delay)

DTM (ASX) Chart

DTMOA, page-21

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