CCU 0.00% 5.8¢ cobar consolidated resources limited

overbought or just rising to true value?, page-4

  1. 2,755 Posts.
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    Are you thinking this is a bunch of small long term holders getting in and willing to pay good money for it?

    There could be some big money accumulating, but the overall volume and daily trading activity gives me the impression that there is still minimal speculative trading. That doesn't mean we can't see pull backs in price though.

    1-2% turnover of CCUs sharebase is a big volume day at the moment, when speculative money enters I expect this % of turnover to increase dramatically. Some resource juniors have seen over or almost 100% turnover of their sharebase in 1-2 days when things start getting heated.
 
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