GCN 0.00% 0.7¢ goconnect limited

I have to agree....classic pump and dump. The ingredients.The...

  1. 24 Posts.
    I have to agree....classic pump and dump.

    The ingredients.

    The pro accummulates Absorbing floating supply. They then hold all the cards.
    Feed a few shares out to give it a run.
    People take notice. Hype turns to hysteria. Everyone wants in for the most unbelievable ride. All thats required then is something bad to crash the price down. Unfortunately, this was the cap raising ann.
    It wasn't bad in anyway. Businesses need money.
    Shares get dumped onto market. People get scared. Don't understand why its falling, assume its because the ann was bad, they panic and sell too.

    Gcn fundamentals have not changed. Nothing has changed with this business in anyway over the last week. Still wait on P1 news, wifi news etc.
    This has nothing do with GCN and all to do with turning a fast profit on hype.

    I sold my parcel for a great return and will wait to she settles down. Could be some more down ahead who knows?
    I'll be watching and waiting to get back in for the real run when P1 is a go!





 
watchlist Created with Sketch. Add GCN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.