trains leaving, page-2

Greyhoundtrainer,

When you say that there are "with little sellers left", that is true as for what we can see, but there are likely to be plenty of sellers without their cards on the table.

The desperados (mainly convertible note holders with newly acquired shares) have dumped within the 10c-13c range (and higher earlier on), now we're getting into a different band of seller:
- convertible notes holders that are looking to sell at least some of their newly acquired shares, but for at least 50% profit (from 9.5c) if not 100%, 150%, 200% etc.
- those making quick profits from buying at 10c-13c

We're less likely to see them suddenly dump shares on neutral or good days, but if/when there is more DOW (or Opes-like) turmoil some investors will get a bit more desperate again, and be looking for cash.

Therefore, let's hope the SP continues to increase (in a big way) so it can gain its own moment, prior to big market downturns again. Also, the higher it gets, the less will need to be sold for investors to regain liquidity, and more buyers will be happy to lap it up.

Also, as nice as the 16.5c SP looked, it was generated from an 'algae' purchase of just $165, someone wanted to see 16.5 appear ... i.e. dodgy / annoyance / manipulation trade. The best real trades today are at 15c (so far). Hopefully that will increase, but hey, 15c is good given the recent SP history.

Cheers and good luck to all.

p.s. welcome WaterGirl, always great to have new people join the forum; + it'll be good to have some female energy to balance the rest of us out. Question ... why 'water'-girl?