SSN 0.00% 1.5¢ samson oil & gas limited

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  1. 3,643 Posts.
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    Sandys,

    Sorry I couldn't respond to your post yesterday. Busy as hell at the moment I'm afraid.

    Yesterday you equated the low volume of trading in SSN stock (1.5mil was your quote) to a lack of confidence in the company's CEO.

    With more than 8 million shares traded in the first 30 mins this morning, ie more than 5 times the volume in one twelth the time does this mean that Terry is 6000% better today than yesterday ? Is this how we measure the sign of a good CEO, ie turnover ?

    As for your question why mym and dad investors aren't lined up to buy SSN, I think the answer to that question is somewhat obvious. SSN isn't a blueship like BHP. It doesn't pay dividends like the banks. Quite simply its speculative and at the higher risk end of the spectrum. Its not the sort of stock that most mum and dad investors would or should look at. Thats not to say that some don't. I'm a mum or dad or something like that and I have lined up to buy it many times. Many others here did also.

    Renewed interest like we have seen this week will no doubt see a few more people attracted to the massive growth potential. We should however be mindful that most of trades will be traders rather than investors.
 
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