APG 0.00% 0.2¢ austpac resources nl

re: too many damned stocks hey apgi am with you on this one i...

  1. 220 Posts.
    re: too many damned stocks hey apg

    i am with you on this one i think it needs to settle for a while may have another interim little run then i suspect it willbe time "churn" the volumes for a little while to come yet...

    20 million shares is a fair amount of volume to churn...

    if you look at past history every run has seen this stock settle as i am sure with most stocks... about the need to close the "gap"..

    example previous run from 3.9 - 4 .9 has seen is come back and close the gap at 3.9 again....

    it's major hike in august of last year from 3c to 5.1 where did it trade back to again???? no guesses....

    have a look at market depth and you may see what i see 4.6 and also 4.2 with sunstantial single holder asking volumes....

    these buy orders are not silly they are extremely well calculated and very intelligently thought about....

    i post this in my belief that this will happen - i could be wrong and have egg on my face but hey that's life --- you gotta take some risks....

    take care all

    T
 
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