this stock has a long and boring technical history - the chart always performs the same runup and then slow grind down.
Up 600%? Well thats a bit misleading isn't it. Its up 600% if you had inside info and bought some of the wasted stock from its last reincarnation. Or perhaps if you bought into the last great story it got tarted up with and you were tenacious enough to ride it into the ground.
Fact is most people could / would have only bought in after it relisted. Given it closed at 40c on its first day of trading and it closed at 50c today then at best you would be up 25%.
I would hazard a guess to say that the vast majority of holders have a much higher entry price than todays close.
Lies, damn lies and statistics - its been a bit of a common theme with this stock - I don't mean now particularly - every time it has reappeared to fleece the punters - Indian Mining, Select-Tel etc
Cheers,
SLT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held