What is going on?, page-39

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bushmaster

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22/02/18

13:04

Post #: 31256476
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Originally posted by JoeBlow ↑

Well, I got in on the cap raise, not happy about the SP now either but it doesn't really change what the company is doing.

My research says the selling volumes are low compared to average volumes now so hopefully the sell down is near bottom.

I think what happened is this.... the SP rise took a while, maybe 6 to 8 weeks back around September and October .... lots of time for all sorts of people to get in, the followers of Tolga buying on emotion, the day traders staying for weeks ... then all of a sudden sentiment changes a bit as 3 bags in about 2 months is pretty damned good. Those who made bucks grab profits, those who joined the party late cut losses .... everyone's waiting for two things:-

1. The bottom (good luck pin pointing that)
2. News that sends the SP back up

The problem is, you buy in last month, err, you timed the bottom wrong so you sell .... because you are a share trader not an investor. Projects like this take years, what's the average from get go to production? Five years or so unless there's a buy out.

Now the bottom is likely the minute before the positive news, so we wait. Patience is the key.

I bought COB on 4 August 2017 for 0.19
I sold COB on 3 October 2017 for 0.17

What an idiot I was eh, what's COB today? 0.65 .... 3 bags gone as I didn't wait.

When good things happen you have to be holding or stuck to a screen every day like the pro traders to jump in, but some have to go to work and hope things are ticking along as planned with the shares they bought.... I think this MEI company is onto something with great cobalt results.

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hi @JoeBlow, dont worry mate allot of us are in the same situation. I am putting allot of time into trying to lift this up, its really unfair for the SP to do what its doing right now, perfect opportunity for all the new guys to jump in I would say, and we definitely welcome those who come onboard. It was very unexpected to do what it did and drop, but it will come back up just a matter of time and then we can all have a drink to celebrate.

MEI Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.3¢		Change 0.001(1.09%)		Mkt cap ! $222.2M

Open	High	Low	Value	Volume
9.2¢	9.4¢	9.1¢	$255.9K	2.772M

Buyers (Bids)

No.	Vol.	Price($)
1	89150	9.2¢

Sellers (Offers)

Price($)	Vol.	No.
9.3¢	50896	2

View Market Depth

No.	Vol.	Price($)
5	1773521	0.011
11	2924000	0.010
6	4510000	0.009
7	2258300	0.008
1	142857	0.007

Price($)	Vol.	No.
0.012	620532	3
0.013	1998837	5
0.014	926384	7
0.015	670000	2
0.016	1179000	5

Last trade - 16.10pm 28/11/2024 (20 minute delay)

MEI (ASX) Chart

What is going on?, page-39

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Buyers (Bids)

Sellers (Offers)