NXR nemex resources limited

Conrad""Just a week ago more 700.000 shares were traded at 17...

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 2,854 Posts.
    Conrad
    ""Just a week ago more 700.000 shares were traded at 17 cents. Without any change in NXR and no bad news announcements people are willing to sell at 7 cents???""

    That just goes to show you that the stock was way over bought on super hype and smart money did all the exiting.
    More than likely daytraders are stuck in it now so dont expect to see a SP any higher than these levels IMO.

    Happens all the time and the daytraders exit in the end thus further driving the SP down.

    Cheer
 
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