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19:44
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Originally posted by galileo_
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I'm not sure that some of the players here appreciate the game at hand. According to top shareholder lists quite some months ago, about 70% of the company was in the hands of professionals who want to create a viable business. Empire builders, if you like. Few shares are on issue, making this a fairly small company at the moment. Thus if yet another serious player wants to join the fray there is no option other than to sweep up small retail holders who dwell on seeing immediate profits. (As we have been witnessing). Given that no large holders would dream of quitting. Higher and higher prices tend to flush short termers out - Don't they. Leaving the playing field with what rank punters often say is "A tightly held stock" as if punters can breeze in and out as they wish. (Like the "I'll buy back in at 80c players of a few months ago)
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Correct. A lot of the stocks will be held for many years, the float is tiny. Never more than 150K units to sell. Best way to trade a share like that is to hold and buy dips. It's the easiest one to trade.
