ELE 0.00% 0.5¢ elmore ltd

The people buying lots of shares are the reason the SP has gone...

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  1. 504 Posts.
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    The people buying lots of shares are the reason the SP has gone up. They might sell a couple hundred thousand shares at the end of the day if they can drop it a couple of pips, but that only works if almost no one else is buying shares.

    IMHO like almost everytime people bring up this theory, generally speaking it's bullshit. If you think somehow the SP would be at 3c somehow if this big invested just didn't come along....
 
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