Australia's largest stock trading and investment forum Australia's #1 stock forum

CGB

Click for more information

0.00%

2.1¢ cann global limited

Also institutions are more likely to invest in a company if the...

First 120 Last

Share
Profile

Follow
48&34

837 Posts.

42

28/05/18

13:56

Post #: 33336885
Share

Originally posted by BPacker ↑

More shares on offer makes the stock easily manipulated, and also makes sp gains slower and harder to keep.
Think of it this way, a stock with 100mil shares on offer, once divided between directors, instos and long term investors etc. there’s only a smallish amount that can be traded on the market, meaning less supply on a good Ann meaning easier large gains in sp price. Compare that to 1.5bill shares on offer, there is a ridiculous amount of shares able to be traded on a daily basis, and many people holding millions/tens of millions of shares. A couple big holders get good profit and dump their shares and the sp gets a big wack eg. the pump and dump that’s happened twice over. Although pump and dumps aren’t rare, take a look at nearly every penny stock on the asx and the charts look similar in ways to QBL’s, don’t be scared off by the chart.

Expand

Also institutions are more likely to invest in a company if the shares are around the $ area than under 10 cents. That would be a great impetus to the SP if the instos get on board.

QBL Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

PL3

Patagonia looks to raise $2.15M for South American exploration and development

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

There are more pages in this discussion • 96 more messages in this thread...

First 120 Last

Add CGB (ASX) to my watchlist