the fact that penny dreadfuls are rising so rapidly and so regularly tells me 3 things:
market is awash with daytraders and new traders going for a quick buck
stage 3 of bull market (you know the pointy end)
spec resource rise equivalent to the tech stock craziness of a few years back (not my words this was a quote from Marcus Padley recently on Lateline Business)
you got to be in it to win it however the fact that wood duck traders like me and nobby are making money means that sometime it will all end in tears
can anyone tell me honestly that these hopefuls are being valued honestly or is it all hot air and irrational exuberance as I suspect?
