Compelling opportunity, page-4126

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mgavoca

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13/01/22

19:15

Post #: 58845617
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Originally posted by mondyinvest: ↑

If you read my recent comments you’ll realise I’m not against you posting your opinion @mgavoca, I welcome it. I’m not asking you to stop posting, I’m simply saying I disagree with that one post you wrote. It is my opinion that the (implied) expectation that we would be at, or near, $2.60 were it not for the poorly-worded AGM announcement, is incorrect. Every holder on HotCopper thinks their company is cheap/undervalued, don’t forget that. More often than not the market at any given point in time is closer to correct than our own biased hopes and dreams.

To answer your question, It is quite normal for a share price not to move for a month, whilst in an uptrend. People often refer to this as ‘forming a new base’. Sideways action is actually very healthy. Strong stocks like GLN need time to breathe. Otherwise we’ll end up like SYA - too much action, too fast, and the SP spikes unsustainably. Go have a look at their forums; despite the amazing 1,000%+ returns they have enjoyed, holders are bored. They’re all expecting to get mega-rich A$AP. They’ve been told the SP will keep going up (just look at the pumpy rubbish that gets posted on Twitter) and when it tracks sideways for a while, or goes down, all the gloves come off.

I really hope GLN doesn’t become like this. I have no problem with the SP going sideways for a while if it means we form a new base, while we wait for further news flow, ahead of the next leg up. Long termers
know sustainable share price action is most desirable.

In other news, if I can take from your username that you’re from Avoca - lucky you. What a beautiful part of the world.

Cheers

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I am indeed from Avoca Mondy.
Thankyou for your considered reply
Cheers

GLN Price at posting: $1.97 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.3¢		Change -0.003(1.61%)		Mkt cap ! $75.78M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.0¢	$266.2K	1.720M

Buyers (Bids)

No.	Vol.	Price($)
27	1069255	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	522425	12

View Market Depth

No.	Vol.	Price($)
27	1069255	0.150
19	545481	0.145
19	658099	0.140
15	668435	0.135
10	175350	0.130

Price($)	Vol.	No.
0.155	522425	12
0.160	429976	11
0.165	194671	9
0.170	157671	4
0.175	69000	3

Last trade - 13.36pm 18/07/2024 (20 minute delay)

GLN (ASX) Chart

Compelling opportunity, page-4126

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Compelling opportunity, page-4126

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