I don't usually spend time out of trading hours on this forum but just thought I'd pop back in & read up on GDN a bit - still appears that some confusion reigns but suppose we'll all have some answers soon enough.
T4p - you probably never read all the posts today (I don't blame you) so would have skimmed past mine posted at 14.39 but if you have time read the 2nd half.
Hard to tell with the open today but it appeared to be the usual sting tactic -if they'd sat back & let it open they could have propped it up & fed them out at higher prices but instead they seemed to want to force a much lower opening at 74c? Many would not be in much of a profit at this price but who knows whether sellers picked up their original shares again lower or if really it was just a large amount of desperate panicked sellers on margin loans needing to get out mixed with a bunch of disillusioned scared punters that are sure the Uranium spinoff is a decoy for bad results?
Totally understand people who cannot afford to take the risk & they should protect themselves if overexposed. I'm usually amongst the risk takers with the 'gotta be in it to win it' crowd which sometimes pays off & sometimes it doesn't. GDN has certainly been an interesting stock.
Would like to know if Oceanic had the Brokers push the shares up to get their 61c clients a nice 70-100% return though. I'm curious to know if a large shareholder sells their shares what is the time limit for them to rebuy them back before disclosing their initial sale of them. I assume it would be within the 3 days before they get registered & then they wouldn't have to issue a sale notice to the ASX ......I'm sure they all do it to some extent & cut a fine line within the rules....the big market players have the upper hand & we are just left to guess their real strategies.
Just a question here for anyone...we'd all like to know who is buying/sellling on every stock to stop the guessing games & can't of course but when the ASX vetoed all the names against the trading codes last year wouldn't the Brokers still have the upper hand & know all the codes off by heart so they still know who is buying/selling. ie. if code 00555 was ANZ Nominees but now doesn't show the name the Brokers would have still been familiar with the code 00555 & know who it is anyway wouldn't they? Just curious to hear if that's how it works as I'm assuming it does...thanks ?
Recently visited the Tokyo Stock Exchange (they let you have a free unguided tour after they screen you ) Expected to see a floor crowded with massive amounts of screaming people but instead was surprised to see that the viewing platform overlooked a plastic bubble that just had a ring of about 7 people quietly looking at smallish computer screens (not even 20" ones) & a few separate offices above it where the execs sit & was told that was it.....nothing flash really & no exciting action to be seen ....just an illuminated board spinning around like a halo above them with the Jap stock prices on it & a plasma grid on the wall viewing all the latest world index prices....wonder what the NYSE is like then....anyone been...?
Sayonara....& please let the gas goddess be in a good mood next week.....! Katy
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