GPN greater pacific gold limited

This_is_it,I have traded long enough to know exactly why the...

  1. 1,576 Posts.
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    This_is_it,

    I have traded long enough to know exactly why the price is faltering and I am very confident that it will recoever next week.

    If you look at CDU for example, it rises sharply before an announcement predominantly on specualtion of day traders. A positive announcement is forth coming however not enough to kick a goal. If 13 million shares were bought on speculation running into the announcement ... well guess what ... a lot of people have got to get out quickly (t+3) hence the price will drop significantly. Surely even you realise that traders make a big impact on a speculative stock like this. I have seen this happen roughly 5 to 10 times on CDU and other stocks like SLX, PYM and GDN.

    All this being said it does not make any difference to what they are holding and the results that are too come forth.

    Thanks for your concern but I hold.

    I am the Iceman!
 
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