Leggo the big investors and the directors are making all the money on the ASX, getting offered cheap shares and dumping them once they get them for a tidy profit, what happened to the days the sophisticated investors bought shares and held onto them for the sake of the company and to make big money in the end.
I remember a companies SP would increase on anticipation of a drilling campaign and once the drill hits the ground you would see an increase in the SP, now you need to be producing or hitting huge deposits before the market even sneeze at the SP.
Many companies out there report good profits and will still drop 10%
The ASX is like the casino, well most stock exchanges.
I still play the game, but my god its getting harder to make money
Good Luck All
James
TSV Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
