QGC queensland gas company limited

director buys $2 million on market, page-15

  1. 8,265 Posts.
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    The issue date will be key and any fall attributed to those who picked up in the SPP is misleading.

    One has to ask the question.....outisde the chance to get some shares at 25c....why did it run so hard?

    Lets face it...there is sometimes a premium paid for a stock to get into it...ala JUM into FCN.

    Then the stock might fall ...ala FCN...then the stock will recover and run as hard back to its previous highs......ala...FCN.


    Lots of similarities between FCN and QGC....save for one was a buyer and the other is a SPP.

    This could rebound as quickly as it fell in two days and if the issue date is still a couple of weeks off...i suspect we will see a surge in QGC before the issue date.

    After all.....wouldn't the sophisticated investors want it back in the high 60s to be able to exit their stock?

    If its in the 30s are some are suggesting.......makes no sense for the argument sophisticated investors will want to lock in profits.

 
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Currently unlisted public company.

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