further to the sp buyers guide thread by angel

Angel made some valid points on where we actually are...and where we might go.

We really have to look a bit harder. Whilst holders want to see the SP rise, potential buyers are prepared to wait for the sellers to come to them, or pounce on news.

I certainly can see the sense in this approach.

After all, a 0.001 tick increase is 20%.
Take into account that that 20% will compound with any further increases I am surprised that the buy side isnt higher.

But add in those waiting at 0.004 and you find that it actually is, albiet 40% difference.

If we were sitting at 0.04 cents, to get 20% rise we would have to jump immediately (Gap Up) to 0.048 cents.... Impossible...NO, difficult maybe, Harder than moving 1 tick up, definately.

A 1 tick increase from 0.04 to 0.041 is only 2.5%
Quite a difference when put in perspective. Ill take my 1 tick whens its 20%...thanks :)

Why wouldnt you wait? If i wasnt in already, I would.


The selling we are actually seeing now is around 90% NXXT trades, and probably about 10% sellers (from last couple of weeks) impatience or chasing the dream with other rising stocks (and GL to them....hope they come back with more money:).

We have a stalemate at the moment. Neither really budging,... neither has a reason to.


What are we waiting for again ??