OZL 0.00% $26.44 oz minerals limited

green day, page-4

  1. 1,471 Posts.
    One problem...there isn't much they can do.

    It's probably more due to traders taking short term views in the morning, buying into the offers, and hoping for someone big to come and sweep the share price to the next level.

    Then by 3pm nothing comes up, everyone begins to sell down again.

    In the past, you would have had constant involvement of funds and brokers buying and selling shares on a daily basis, but now its all day traders, and its become a real joke, to have the 3rd largest mning house in Australia to be reduced to a daytraders punting ground.

    I mean honestly, own up, how many of you in here buy a parcel of shares in the morning to try and jag an short covering?

    The moment this all stops, and everyone knuckles down and sits tight, and let this market "dissatisfaction" with zinc, AM, technicals, yadda yadda yadda go by, then you might see some real money come in, money that isnt going to go straight on the offer after buying at 1.92 5 cents higher.

    That's your real problem, anyone who likes the story already owns in, there are plenty who DON'T want to own it, and too many people are trying to day trade it.

 
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