Possum,
Firstly: The market cannot get it wrong. The market is the prices! what the stock is worth, is what its worth on the market!
You can think its going to be worth more in future (oversold/undervalued) or less (overbought/overvalued) but at any specific time, the market prices the stock at what others are willing to buy it at, thus its true worth.
Secondly:The reason the DOW jones has gone so well and we havent, isnt a mystery as you suggest, its to do with the indexing system of both.
ASX all ords is a MARKET CAP based system, meaning for the ASX to go up, the actual market cap of the individual stocks must rise.
the DOW jones is a SP based system, meaning a high priced share with low market cap (say 1billion with 1mil shares worth 1k each) can influence the DOW more than a huge company with high dilution.
Thirdly: you didnt answer any of my earlier questions,
"Why would anybody sell 900,000 shares in GCN at this point in time if they truely believed that this mongolian float was going to happen. Why give away 100000 free shares at a minimum of at least 20c per share which amounts to $20,000. The answer is simple, you wouldn't"
-if it doesnt list, you get sweet nothing.
"People in general are suspicious in nature. Their automatic conclusions are if it sounds to good, be wary there must be a catch to it.
When I bought GCN shares there was no Mongolian situation attached to it. I bought into GCN for other reasons.
The free shares is now an ADDED bonus. I will gladly take them once they are offered to me. Why wouldn't I take them."
-What have you gotten so far? I took my profits, so I have them. You on the other hand wait for a listing that was meant to happen december, a wifi deal that was meant to start february and a mongolian deal with a company that cant even be found...
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