What we are seeing here is a "genuine" run on CGS shares...
Buyers want them as cheaply as possible, therefore they are being patient, taking their time and buying at strategic moments.
This way they give profit takers plenty of time to get out...while also preventing the price from running too high before they get their fill.
Although I am sure plenty of day-traders are in this today, it is clear to me that it has not been an organised pump and dump...and that what we are seeing is simply healthy trading.
Now, compare CGS today to the recent runs in PNO and BPO, both of which I consider to be manufactured runs.
Much healthier I think...I wonder which one will be still rising in one week?
Cheers!
- Forums
- ASX - General
- **** cgs ***** climbing nicely...
**** cgs ***** climbing nicely...
Featured News
Featured News
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online