What everyone seems to miss is the fact only 6,000,000 shares traded today, less than 4% of total shares in the company were in fact traded.
Due to the fact the SP has dipped from 1.20 to 80c, and due to the risks associated with this type of stock and where we are at, it kind of makes sense to me that the SP is dropping
Think about it
SP has a big run north, traders buy in, small investors get on board, large players are already in, then the nutters that bought at the top thinking it would go higher.
T3 ers sell within 2 days of the high taking profits and getting out before having to commit cash, small investors shi..te themselves and follow suit, couple of larger buyers starting to get nervous and also sell, then all the sheep follow driving the price down.
Then we have ann after ann and most cant analyse the ann so sell straight away before reading it not caring about what it says.
The big buyers just pick up the crumbs as it falls, the biggest holders just sit back and watch, the now very nervous investors say
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
