gda the casino stock

wow, watso was just looking at some numbers. in the first 5 months of this year, and prior to the consolidation, about 2.25bn shares were traded. that is awesome, as watso cannot even count that high, so it must be heaps. that means that each share, was sold an average of about 4 times in the 5 months - and that again, is awesome. now wonder, every month, there were a new lot of posters, as the previous holders jumped out on the first run, to either break even, or maybe make a bit of a profit - obviously not many punters were in for the long haul, as it was obviously nothing more than a casino stock

sadly, those holding the stock, when the music stopped (ie consolidation) will find that the low price, which used to lure punters in droves, to the gda pokie machine, will now have to play on the machine, with a higher limit. the gdaalle (that is the collective noun, for those intrepid gda gamblers)) of of punters that used to line up, to have a punt, will not be at that machine - but will be looking elsewhere. might get a bit lonely for those holding the parcel. indeed, looking at todays action it already seems that punters are a bit wary of buying on market, and are maybe waiting for the chance to pick up some cheaper stock, in the "placement"