MEL 0.00% 0.4¢ metgasco ltd

shaking da tree

  1. 19,649 Posts.
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    After a spike to 0.75, it appears to be a well orchestrated churning of stock down to lower levels.

    Sellers now approx 2 to 1 over Buyers.

    Volume traded 19,675,860 Number of Trades 1,525, av trade approx 129,000 shares.

    Get use to it folks!

    VWAP 0.711, intraday low 0.665, probably close on the low. Could well trade between 0.60 and 0.65.

    Smart punters know that a flood of quick profit takers will hit the market once the SPP hits their accounts.

    I would like to see 0.64/0.65 hold, but no matter as I only have to remind myself of when I bought QGC for 15.5 cents in Dec 04 and sold for 42 cents and at the time thought, wow what a great trade!


 
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