Basic reasons for a share price fall = FEAR Basic reason for a SP rise = GREED Fear of the unknown is the greatest fear and will always overide greed. At the present time Fear is in ever stock market in the world Holders in GGP need to realise that they hold a spec stock that while it may have huge potential it does not pay a dividend so at the moment it is considered at the bottom of the food chain to some cashed up investors.
Just because they are cashed up does not guarantee that every move they make is correct or that they have a better understanding of GGP than some smaller holders do.
Its just one of those times when supply is more than demand. Tomorrow is another day and the companies prospects are still pumping as hard as are were yesterday,
In for the long haul so today was just an unbelievable oppotunity. I believe GGP will show its strenght over the next 2 months when other stocks are getting damaged.
GGP Price at posting:
1.6¢ Sentiment: LT Buy Disclosure: Held