daytraders after market lounge 9th oct 2012, page-5

  1. 4,780 Posts.
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    HAO...... this is not a serious mining company. It is the plaything of Gary Morgan (the pollster) and next Lord Mayor of Melbourne. He controls 70% (approx. 128 million shares), the next largest holder has 2.25 million.

    Every 4 years or so the price spike has been a 1 day wonder where the price has doubled or tripled on that day. As online trading has become more prevalent (and more so predatory) the spikes, though they be similar, have happened with considerably less volume each time.

    Feb. '04 ...range 18-40...volume .... 35 million.
    Jan. '08....range 12-40...volume .... 14 million.
    Today.......range 21-45...volume .... 4 million.

    Never get sucked in by what you CAN see!
 
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