Earnings increasing & multiples expanding (Re-rate commencing), page-345

All,

Thought I might put some of my own analysis in, yes this is commsec, its all I have for now but nonetheless it tells the story.

Today it looks like we saw the last of the major churn and selling/manipulation of the stocks. See below the 15 min stock price and respective volumes. Post 12pm we saw approx. 6% of the register get traded, inclusive of the 10m dump at COB to bring the stock value down a measly 0.001c. If you exclude that dump, we are looking at ~4.5% of the register being churned after open today.

We've had some huge days on the market, and I don't think I've ever seen a company trade its own stock holding + another 30-40% of its register EVER, mental! The price has held up well all things considered over the last few days, soaking it in like a sponge. This to me (to the best of my knowledge) indicates that accumulation is building, we have new players and retail investors are holding firm. We have a nice support cushion down here at this level and I can only assume given the amount of churn we have that it won't be long until this stock starts moving back to yesterdays high open value of 0.036c, I am hopeful it keeps climbing to 5c and above.

I wouldn't be surprised if there are some fund managers involved, I'd also be interested to see the new substantial holdings listing soon!




Cheers all. Tomorrow should be the start of something good.

Disclaimer: I am no expert, criticism is welcome.

Buy in price (averaged down): $0.0296, 74,000 units held.