can't remember seeing the buy depth this low for quite a while.
I appreciate and don't doubt the quality of the analysis from the likes of Portfolio Plus, hardmano, Yaqona et al, and while a lot of what they say makes a lot of sense, I can't help but wonder why the market isn't buying the story at all (at the moment)
If ESG is supposed to be on the cusp of a major resource upgrade, then why are people so reluctant to pay up? I will be interested to see how many sell on the news, when it finally comes around, because I think there's a danger we'll have a logjam of frustrated holders heading for the exits that will put a dampener on things.
as I've said before, I'm waiting for the charts to turn around, and thought they would have done so by now... I prefer to buy shares that are going up, not going down... call me old fashioned, but I prefer to buy something and see the price improve, not deteriorate :)
sorry, I'm not trying to be one of "those" downrampers, just trying to make sense of it all...
Cheers :)
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less than 700000 buyers at 9.30am
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