Judging by yesterday's on-screen action however, we mainly saw big buyers and small sellers...with the largest hits of the day occurring during the breakout rally.
Generally, these are signs of a few points to be had...LOL...at the very least.
It appears to me that trading over the last 5 sessions has pretty much cleaned out the recent overhead above 1.6c...effectively clearing the decks for a fresh move on the stock now.
We saw a similar scenario down at 1.2c
It may or may not happen, but it does appear to me that the potential is there for a fresh rally.
I have just read over many of the recent posts on YAM...seems the gallery has been relentless in their abuse of this stock...and in particular, my support of it on technical grounds.
In spite of this however, the stock continues on it's run...yes, as I previously suggested, the trend is still intact.
I feel I am entitled to a right of reply.
I wonder how many of these less than generous posters will have the decency to come out and say...well, we might hate the company and the people at the helm, but yes, we did miss a good trading opportunity here?
Not many I suggest.
If it continues rising, expect the quacking from the gallery to fall silent.
If however the price should fall, you watch them suddenly come out in their droves again, all proclaiming how right they were...and how "amoral" I am to be making money from it!
LOL...strange phenomena that?
They talk about the "farcical" developments at Niue... they also talk about the lack of integrity and misleading practices of management (again I stress, I express no opinion on either of these points), yet they display very of these attributes themselves.
Every day in the market is a learning day...some it would appear, feel this does not apply to them.
Cheers!
YAM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
