ELD 0.81% $8.67 elders limited

whats going on?, page-7

  1. 22,593 Posts.
    No need for alarm, this is all part of the huge volume/money that has been in play over the last few days, all they are doing is taking a bit of profit from the less experienced traders etc that got caught up in the flurry. imo ELD's SP will settle down, possibly in a few days time and what we should be looking for then if not a holder at the moment is look for a low risk entry - indicated by a narrow low volume down day - which means that the big money has stopped and there are no more sellers around.

    For the last week before this sudden surge in price a lot of holders were selling and the big money was doing all the buying - indicated by the high volume over that week and most of the days were finishing high for the day. Normally a low risk entry after that selling would be a low volume day - but it just took off - not allowing any entry at all. So therefore imo if you are considering a buy just wait for this selling and profit taking to cease. lol all holders
 
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