Given the majority of the public holders are now sitting on a small paper loss the risk/reward has lowered for new buyers entering who will soon take control again once a floor has been put under the price.
Fibonacci - the italian liar - says about 45c.
The past week has seen weak holders taking a loss on no news and little volume. A poor reason for losing money.
Other than that,
Grange resources selling down 500,000 shares from a 7% to a 6% holding is nothing other than locking in a good profit. Got no problem with that.
week ahead, page-5
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
