daytrading nov 18 afternoon, page-70

Re:: PSY in the AFR.... I'll post a snippet of the story from the AFR today for anyone interested..

http://www.afr.com/p/markets/panorama_synergy_spikes_pc_on_hotcopper_Kwyqx8WYX6LcJXML5yi13O


Panorama Synergy spikes 4000pc on HotCopper tip

Post on HotCopper sets tongues wagging


It’s difficult to pinpoint who got the herd running, but a post on a trading website popular with day-traders, HotCopper, played a major part. It is a website where investors exchange tips and gossip and where people regularly promote the stocks they are invested in.

If you get a bit of a following on HotCopper you receive little “prizes” that accompany your post, such as a red heart which means you are one of the website’s “favourite posters” and a gold cup which equals “top tipper”.

A red-hearted, top tipper posted a message on the site on Monday afternoon, shortly before the market closed, titled “potential hundred bagger”. He – and The Australian Financial Review was assured it is a “he” – went on to spruik Panorama’s expertise and technology. At last count, more than 5000 people had read it.

The term “100 bagger” has its origins in an investment book called One Up On Wall Street, by businessman Peter Lynch. The American investor and author coined the term “ten bagger”, which refers to an investment that goes up ten times its original purchase price.

A 100 bagger is therefore an investment that goes up 100 times. Like a red rag to a bull, investors started buying PSY late on Monday.

By the close on Monday, November 11, PSY was up to 1.3¢, representing a healthy 160 per cent lift.

‘Then it went crazy’