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Ted have you ever considered something so simple as the amount...

  1. 2,102 Posts.
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    Ted have you ever considered something so simple as the amount of penny stocks listed on the ASX compared to the amount listed on the DOW, not only that, Our economy is and has been proving of late to be in better condition then the US, we are starting to get allot more over seas investors throwing money at us as well as checking us out more seriously.... China (where the money is really at) are loading up with investments in our resource sector consistently, so much in fact our government had to step in and police the aggressiveness of takeovers and joint ventures from the likes of China...

    Our Aussie dollar is actually predicted to go higher then the US dollar.. So hence we are starting to prove a more secure investment...

    For me it is that simple... Plus, since the beginning of this recent bull run investors are beginning to throw more money at the likes of small cap companies that managed to get through the GFC, if there still standing after the hell ride of 2008 to mid 2009 and the charts show there starting to break out or have been going sideways for some time then why wouldn’t you take a punt after doing some research if all the boxes get ticked...

    Personally I wish the DOW didn’t influence the ASX soooooo much, our country is proving to be in good shape... I know where I would rather have my money invested...

    My 2 cents worth

    Stay cool
    Drew

    Ps, As a day-mid term trader you can allow my plays to account for some of that playing with DDT, out now, last entry I picked wrong and took a small loss, nothing compared to what I made out of its recent spikes… I have traded this 8 times so far; I am out now, waiting for stronger signals…. In total I turned over 5,900,311 shares on this play, total money in and out added to $442,523 over the last week just from this little black duck… So there’s some of the volume…lol… for the record, I made just over $13,000 in total on this play (made more originally, but like I said last entry had a small loss), I’m just a guy at home mate playing with charts, fundies etc… Welcome to the ASX…
 
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Mkt cap ! $3.632M
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9 3266350 0.3¢
 

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0.4¢ 171990 2
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Last trade - 16.12pm 22/11/2024 (20 minute delay) ?
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