NZ Micro.....I couldn't have put it better....
Your post, ( minus the ref' to the non stock holders)
"GDA has dropped off the radar ... for some , if someone wanted to buy a holding say $100,000 then the price "at market " would rise considerably
Has anyone noticed the drops , $ 100 or $200 here to drop the daily , obviously someone is watching ???
Most shares are been held , volume is the problem here Consoldation never helps as some traders see just the higher share price , without reviewing market cap ???
When Gondwana realise or release positive information, then fewer shares will lead to exponential rises
I hold , and accumulate ......"
I have been accumulating myself.
There are regular small trades dropping the price as soon as it shows signs of going higher and with such small volumes, the exchanges of small parcels creates a volatile share price.
As an example it only takes about $48,000 to move the price to 23c, up about 7c. Same to reduce it.
The follow up on the excellent sample results from the Pilbara is conspicuous by its absence but it has allowed some excellent accumulation for those who are.
There's some excellent buying opportunities in micro cap' companies and also some blue chips.
I think the DOW has about another 1,000 points to drop yet and several hundred on the all ords yet also.
The DOW looks set to continue its link to the bear economy the U.S.is in and as China and Asian economies take over the long term lead in the International economy, Australian resource companies are increasingly linked to their economies instead of the historical U.S. link.
I think blue chips like rio and bhp have been over bought and the retrace today was over due.
Market sentiment does strange things with both micro,small, mid and large companies and usually in the opposite directions. That's where the research and value identification is vital in picking market trends and emerging opportunities.
Even one of my favourite stocks, Flinders, looked to be at the high side last week so I sold 90% of my holding to secure more shares in Maximus, Mantle and Gondwana ( have roughly doubled my holdings in each over the last week). I also took positions in a few other small companies with the "if" factor ( to varying degrees) which were over sold ( close to 12 month lows in each case)like MOO, SBN and GPN (via both GPN and GPNOB) .
Resource stocks long term look to be good investments ( no surprise in that) and some of the larger cap stocks are emerging as good buys as well (MGX, OXR and several others) . Some cheap micro cap resource stocks are also very attractive while the the sentiment is impacting on them.
I don't expect much with Gondwana until the head office get their forward plans and vision articulated through some better communication and marketing .
cheers FS.
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