if you buy or sell shares on the asx there is a 3 day period before money changes hands. Have you ever noticed that if you sell shares there is a 3 day wait until you can access the money ?? this is the prinicple that T+3 works on. I myself am but a humble etrade user so I have no access to T+3 trading. And neither do I have a desire to be involved in such practices as, to me, it seems a road fraught with hazard and it reeks of desperation. But apparently the practice is widespread and is often to blame for anomalies like the one we saw in the GSF sp this afternoon.
For the record, in case I haven't already made myself crystal clear, I think GSF are on to something special. My beef is with how they are, or rather aren't, presenting themselves. If the T+3 traders are not to blame for this sfternoon's fall then I believe the lack of investor presentation is.
for the record I intend to hang in there.
GSF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
