I would disagree there Maxwell.
Look at the lower end of the market and it only seems to be price which people are buying on. Anything with a low price (not market cap) and an announcement (almost of any sort) sends them rocketing.
GDA
IRM
HAO
GNL
RAU
RSL
FDL
As a perfect example, compare JMS and IRM. Both released rockchip sample and IRM ran about 300% (from memory) whereas JMS did nothing.
Virtually all of the anns in the stocks above added no, or very little, fundamental value yet the SP's increased by huge %'s. if thats not following the crowd i dont know what is
2008 sharemarket crash, page-34
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$64.98 |
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| Open | High | Low | Value | Volume |
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| $65.00 | 10329 | 20 |
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