GLL 0.00% 1.4¢ galilee energy limited

Ann: Change in substantial holding from MS, page-15

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  1. 10,379 Posts.
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    Couldn't have put it better myself ralphmouth. Whilst it is disconcerting to see the SP dropping on a daily basis pretty much, I see no reason to panic. Human beings by nature follow the herd so if there is widespread selling, it's perpetuated by other people following suit thinking that there's not enough gas coming through or too much water etc etc. 


    I see none of the big boys selling, in fact once the SP drops a few pips, you normally get some big buys later in the day (this happens routinely and I'm sure it's the instos mopping up). I took the opportunity to buy another 20,000 shares today and will continue to accumulate at these prices.



 
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