The build up of buyer volume just below the current SP of circa $1.66 and the dearth of sellers suggests the SP will rise, in my opinion. The retreat this morning of 1.5 cents is unlikely to hold, so I expect a modest increase by COB today.
What is more interesting is that nobody can calculate within a few cents what TGA is worth, so it is only hope that tempts buyers to pitch their offers a cent or three below the current SP, not any cast-in-concrete view of what TGA is worth. If this hope of picking up TGA at a low price changes from "reasonably likely" to "unlikely" then some of the would-be buyers will pitch their offers up a few cents. This applies to investors, whereas with traders the dynamic is different - their activities tend to accelerate any trends, so if the investor-driven dynamic gains traction, then the traders will exaggerate the upward trend.
I am not good at predicting SPs, because I am not a trader, and not even a good trader manque, but I think that at some point the fundamentals will win the day.
I have been accumulating TGA for four years, averaging about six investments a year, and it has delivered good and growing dividends, plus capital appreciation. I have never sold a share, although with the benefit of hindsight, I should have, and reinveasted in recent months.
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