EGR 1.15% 8.8¢ ecograf limited

Lets get it around, page-48

  1. 3,217 Posts.
    lightbulb Created with Sketch. 67
    Whilst its offtopic, Im glad you raised the MNS JORC issue. What I found most perculiar about the MNs JORC is that the company used a series of announcements leading up to now to in fact inform the market of the exact timing of the JORC...this week.

    To me that signals " we are so desperate for a price rally amidst the tanking graphite sector trend that we will allow investors and traders the privaledge of knowing precisely when the good news announcement is to maximise a rise preceeding it and stop the current low volume sell off" .

    So of course this week the price went up, in anticipation of the JORC announcement next week. And then it will rally a day or 2 , traders will take profits, and it will be dumped again just like all stocks in this sector have been after similair announcements.
 
watchlist Created with Sketch. Add EGR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.