EIO 3.57% 29.0¢ energio limited

what's this company really about?, page-24

  1. 4,291 Posts.
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    sachz, it is often good to stand back and have a look at the big picture.

    If you throw up the monthly chart you will see that 500 million shares changed hands at between 1 and .025 cents in January 2011.

    Some of these buyer, and there are heaps of them, are delighted to be offloading with 100% profit in just over a month. For many traders just two or three a year like this is the holy grail. Something to be said for it.

    200 million shares have been traded in February so expect a lot of profit taking to continue for awhile yet.

    Having said that a lot of the buyers in January will be hanging on for better times too.

    We have to make our own decisions and as a good mate said the other day it sometimes also comes down to gut.

    Go go... Old MackDonald's Farm
 
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Currently unlisted public company.

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