GUJ just told us something...
Yet another distribution of shares via an indirect Director's sale...
DOW falls 281 points...
XAO falls 106 points...
World markets in panic...
And GUJ does not trade one single share...not one! Neither did we see a single options trade...not one!
So, whilst buyers are clearly sitting on their hands in the current climate...perhaps understandably...in this very rare case, we have sellers not prepared to sell out either.
This tells us several things...
1. We have virtually no more temporaries in the stock.
2. We have mainly informed, or professional investors, not so easily pursuaded by unrelated "issues"
3. We have an already cheap stock to the point holders do not see value in selling at current levels.
4. It would appear selling below 35c is simply not going to happen.
I have said this before...there is no better place to park some funds in the current uncertain times in my view.
Amazing!
Cheers!
GUJ
gujarat nre resources nl
GUJ just told us something...Yet another distribution of shares...
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