Hi,Good comments and spot on. as a young software developer...

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mwilson25

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25/02/24

15:59

Post #: 72584190
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Originally posted by Ebor56: ↑

Agree wholeheartedly MW,
Probably the very reason the share price gets pushed back down after every bit of good news.
It would be in the interests of the people/institutions you are pissed off with (justifiably in my view) to keep a lid on the price until most of the risk is overcome, so that when the business is finally looking like making a go of it, they can take advantage and swoop in at a low price without the anxiety a lot of us experience watching the business go through the highs and lows along the way.
What I'm still suspicious of is the sell-off beginning a day or two after the conference.
If a funding proposal was put to HGO and accepted did anyone use this information to their own advantage?
A week before the conference the SP was trending up. A day after the conference it began falling until the trading halt, finishing at a 3-month low. In that time 13% was shaved off the price. Nice discount if you're looking to buy in.
Just a mug punter's thoughts.

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Hi,

Good comments and spot on.

as a young software developer working in the financial industry I noticed the strategy with HGo playing out over and over.

Let me explain. When a company was in the risk on phase and the sp struggling the big guns in investing would hold off buying until the risks passed. Once the risk was over they would buy in. Of course they would pay much more for the stock. So I asked once, why not buy it at say 10c with risk on, rather than pay 30c later. The answer, of course, was far more businesses in the risk on phase fail than succeed.

As I have explained. In HGOs case, they not only bypassed the risk, but they got the shares for cheap anyway!!!!!!

So I am putting my hand up for being the mug!

HGO Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
5 Upvote

1 Great analysis

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