GW1 0.00% 4.8¢ greenwing resources ltd

don't you wonder why?

  1. 7,379 Posts.
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    Don't you sometimes wonder why sharetraders do what they do? For instance, why sell BSM today at 34.5 or 35c? I can't see a lot of sense in selling out permanently at all at the moment, with a good rise not too distant. Sure it makes good sense to sell on a spike with the intention of buying back in a little lower, but that spike occurred last week at 38c. On balance it would seem a big risk selling at today's price and hoping to achieve that outcome. At any time the company could put out an operations update that sounds very positive; perhaps decline completed, ore encountered, raise boring completed, mill refurbishment completed, etc. Additionally, it may not be too long before a positive Fossey East drilling report emerges. Any of these things should have a positive effect on the SP. So why would you sell today? Often I think many traders are only scantily acquainted with exactly what is happening at any point in time at their company. My best guess is that sellers on a day like today are short term traders who bought in a few days ago to make a quick quid without really understanding the company at all, and who are now looking to move on to another stock that's on the rise. Any thoughts?
 
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Last
4.8¢
Change
0.000(0.00%)
Mkt cap ! $8.700M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 100000 4.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 11685 1
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Last trade - 16.14pm 19/07/2024 (20 minute delay) ?
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