The top 20 who hold 60% of the stock can’t sell due to a fundamental liquidity issue, so your argument is flawed. For this stock you need only predict what the other 40% are doing.
Currently the SP is retracing back to 18-19, where it will live happily for another month. If there is no news, it will slowly go down to 14, and then some more promises it’ll shoot up to 23-24 again.
If you’ve been in this stock half as Long as you claim you have, you’d know this pattern from empirical evidence, and you wouldn’t need charts.
As I’ve always stated this stock is an emotional investment for me, and goes against my usual spidey senses. I was telling a friend last night that it would be funny if we all ended up on A current affair or equivalent after falling prey to AKP and losing heaps of money via some strange manipulation of the ASX. After all, everything Fred does turns to Gold doesn’t it?
AKP Price at posting:
$21.50 Sentiment: Hold Disclosure: Held
(20min delay)