I think its simply very tight liquidity, strong buying & almost all holders are long term holders like myself - watched this stock for a while & got in at $1.01 with a top up Monday morning - why sell at $2 or $2.50 when there is so much potential for this stock to be with $10 to $20 in a couple of years - I honestly cant see a stock with bigger potential on the ASX than GSW - this is my biggest holding after this weeks rally & I am not selling one single share anytime soon!
I could of course be wrong but I am certainly enjoying the ride so far!!
GSW Price at posting:
$2.65 Sentiment: Hold Disclosure: Held