EXT 0.00% 0.9¢ excite technology services ltd

Bullish Chart, page-49

  1. 1,775 Posts.
    Hi Kashmira.

    I would not worry, this is being manipulated down by the big boys, we will hopefully see
    another fund shortly announce a increase in holdings, just like the one about 5 weeks
    ago.

    I have been investing in the markets for 40 odd years and have become use to these
    goings on, all the fundamentals are in place so do not worry about the s/p or charts.
    I was in a share called EXT, Extract resources, it was driven down just like CVT from
    just over a $ down to 45 Cents and next thing RIO Tinto makes a announcement
    stating they accumulated 19.57% and then bingo up she went, all the way to $11, we
    ended up recieving $8.65 per share, the chinese took us over.
    The same thing is happening with quite a few stocks at the moment.
    Purchased more today and will wait to see if it continues down, and if it does
    will purchase more, imho make the most of these opportunities if you have the funds.

    These big boys just love triggering stop loss, they get the weak hands to sell, and they
    themselves add to the scenario.

    Cheers.
    Simmo.
 
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EXT (ASX) Chart
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