GCN 0.00% 0.7¢ goconnect limited

seller, page-17

  1. 5,802 Posts.
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    wobblyboots,

    One thing you can't control are fake bids whether they be buy or sell.

    Perhaps one day the ASX might introduce a rule that states
    buy and sell orders must be within a certain percentage of the most recent sale.

    This would stop the 2.5 million trying to sell at 12.5c when the stock is trading at 1.3c.
    Crazy stuff which should not be allowed in my opinion.

    I could put on an order to buy 10 million shares at 0.1 and suddenly the buyers would out number the sellers.

    But who are we trying to fool.

    In many respects the share market is a game being played out by all sorts of people for all sorts of reasons.

    At the end of the day GCN will either stay where it is or will go up on fundamentals based on increased revenues and being cashflow positive.

    Hopefully this will happen sooner rather then later.
 
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Currently unlisted public company.

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