Just a few notes about market cycles:
(1) The first year of the four year "Presidential Cycle" has started. It is normally the weakest year for stocks.
(2) "In" by the Melbourne Cup and "Out" by Australia Day will serve most investors in tiddlers better than almost any other maxim on the market over the long term.
(3) During the uranicom boom, 5 - 10 years ago, hundreds of ASX companies claimed to have an interest in something to do with uranium. Stocks went through the roof at the mere mention of the stuff at one point, with one stock, PDN, going from 0.7 cents to over $10 in about 3.5 years (a good example of a stock which WASN'T a leader BTW, for all those who think that only buying first movers is the best way to go). Fundamentals such as Australia's three mines policy didn't matter much.
(4) Stocks can go lower than anyone at first thinks possible and the GFC showed that, followed by the "Flash Crash" in 2010 where one major U.S. accounting firm saw its stock fall from several tens of bucks to a mere cent in a matter of minutes, before "correcting" to more more normal levels a matter of minutes later. When it comes to tiddlers, rising from the dead doesn't happen often, so the future of NAV doesn't look good (the buying depth shows no buyers at 0 cents - only sellers at 0.1 cents http://cb.iguana2.com/netwealth2/depth/nav )
Make of this what you will in relation to GIP.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.054M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2783762 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 699508 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2783762 | 0.006 |
4 | 1026833 | 0.005 |
5 | 10300000 | 0.004 |
3 | 2300000 | 0.003 |
1 | 1200000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 699508 | 2 |
0.008 | 3034804 | 6 |
0.009 | 14606480 | 6 |
0.010 | 18243194 | 7 |
0.011 | 1000000 | 1 |
Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
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