GDN golden state resources limited

what are we waiting for...., page-18

  1. 1,364 Posts.
    1) I bet they do not own any options - The options were a free 1 cent or better over their placement profits.
    2) I'm sure some of them will have a hand full of free FPO riders but would almost guarantee they have banked the vast majority of this - (THEY MAKE MONEY - SIMPLE 20%+ each time)
    3) As evidenced by last weeks action - unless the churn merchants are buying - the share price goes no where
    4) Once bitten, twice shy - ....... Six times bitten only four fingers left - which means the only time people on the sidelines are going to get interested in this thing is when it reaches new highs and STAYS THERE.
    5) Therefore if good news does arrive then the savy punter will be trying to sell any rallys to get out before the Churn merchants this time rather than buy Churn merchants shares and watch them wallow

    This is why I am saying - it is important to break that Phsycological 'Pump n Dump' cycle. The only way to do this is with some serious buying. $4.5 million dollars with an almost guaranteed free period of minimal risk profit taking is not serious support.

    So if you want to portray confidence in your investment, you don't stop a price rise in the face of very thin on screen selling to clearly start moving some of your stock out at a 20-25% premium. You would punch the living daylights out of it throuhg 18 cents and then start let a few go whilst keeping the volumes flowing.

    Hence in my opinion todays efforts were not those of a group of supporters who shared the confidence being portrayed by the Company, but was rather the behaviour of an arogent group of individuals who believe it is their sole right to provide funding for the purpose of getting a significant return within a short time frame at very little to no risk.

    Anyway I will be happy if they turn around and proove me wrong, but I will be watching very carefully for the tell tale signs of their stinky behaviour next week.

    I do apologise to those who would rather not here such 'gloomy, sad sack commentary'. I too am hoping for it to be a real push this time as it has been set up so beautifully.

    But in order for it to happen, all the pieces of the puzzle must align - including the supporting confidence cash.

    Have a good weekend
    IMO only

 
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