Good morning guys,
Generally speaking,a "breakout" happens when there is at least 1 (new) big buyer jumps in. But the problem with DCN that there are already too many major share holders! That's why it's very hard to see price pops,unless some of them want to increase their holdings!!! We can't do much,because the majority of the 29% holdings won't sale AT THIS PRICE. So,let's say 5% of that 29% is willing to TAKE HUGE LOSS,then the chance prices go up is still zero. And because the majority of NEW retail buyers are not that as Greedy as we wish,prices goes side way is not suprised to me. So,bottom line is,when (not if) there is a breakout in price chart happens,I wanna see IT comes from the major share holders group,instead of retail buyers. Because of if it comes from Retails,it will die fast! Very fast. As fast as within 1 session! So,guys...Don't be too happy yet because of there is a breakout,unless it last at least few days.OK.
- Forums
- ASX - By Stock
- DCN
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-120
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DCN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online