FDL flinders diamonds limited

only one thing i have learnt in 8 years and

  1. 98 Posts.
    i have actually learnt a few things but never act on them..

    HOWEVER one thing is for certain, that when a share issue is made like this one. 99% of the time the SP is held up for a day or two then falls to the new issue price.

    GUESS what happens then..

    those who got the issue normally sell at the earliest chance..

    stop loss comes in and the SP falls to just below the issue price. the co whatever it is needed the money to keep going or new adventures so it is most likeley to take quite some time to reap the rewards.
    FDL will trade out at .10 and will fall below .10 very very soon. about when the issued shares come on the market.
    it will go sideways for quite a while
    my opinion and mine only is that it will get to .07 before good news comes. it will be a great buy under .10 for a hold of 6 months or so to be a multibagger.
    THIS IS JUST MY OPINION.... do your own research
    PS i love this share and have traded it a lot i am not ramping it i am just stating some facts i have seen over ten 8-10 years playing with the cheapies. good luck
 
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