Originally posted by madamswer
"The SP is kept artificially low at 2.74 - 2.75"
Just because you keep repeating the same thing over and over, won't make it become a truism.
"...if the market was genuine and ppl want to dump their shares at a loss we would be base line at $2.70 daily."
If someone on this forum can paraphrase that statement in a way that makes sense, I will buy that person a goldfish.
PS. Any chance you could respond to the question about substantiating your earlier assertion of "
...since then only 38 sellers (who probably bought at $2) has put their shares on market"? [Refer:
https://hotcopper.com.au/posts/37016425/single]
"PS. Any chance you could respond to the question about substantiating your earlier assertion of "
...since then only 38 sellers (who probably bought at $2) has put their shares on market"?
Dunno why you keep going on about that ... seems a reasonable statement (the 'probably' assertion was clearly an opinion ... and a not unreasonable one ... people taking a profit). Its was a reasonable statement at a specfic time.
Currently (for the last 30 minutes) theres 43 sellers for 83,460 shares ... 61 buyers for 3,495,371 shares. Ok, ignore the takeover bidders 3,000,000 and you've still got 60 buyers wanting more than 400,000 shares. For the last month , the number of potential buyers has every day exceeded the number of people looking to sell.
To my mind, in a free market, that ought to be pushing the price up , up, and up.
(20min delay)