ELE 0.00% 0.5¢ elmore ltd

Looks like we agree for once! :) Haha. I sincerely hope for all...

  1. 896 Posts.
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    Looks like we agree for once! Haha.

    I sincerely hope for all shareholders that they have a stockpile of more than 4kt. But everyone needs to keep in mind that hope is not an investment/trading strategy.

    To be honest, I think the NSL share price is holding up exceptionally well given the lack of news in recent weeks and now an undeniably bad announcement. Is there some other good news on the horizon?! Someone must be buying up these shares as there has been lots of volume traded in recent days but no capitulation of the share price yet. The trading pattern along with the props suggests distribution but doesn't explain why someone is keen to keep buying so much.
 
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