LEG 0.00% 1.3¢ legend mining limited

slow moving on high volumes, page-7

  1. 1,987 Posts.
    osheab,

    The share rises strongly in anticipation of an announcement, and to you it's bad.

    The announcement comes out, the share goes up about 20% on huge volume - and to you it's bad. The drill results were not as good as expected. The company is taking everyone for a ride, you're not really sure why but it can't be good.

    Then the placement announcement comes out and you start carrying on about how you were right all along.

    Trading commences and the share falls slightly on large volume. You do a chicken little and tell us it's all going come falling down around our ears!!!!

    Today, the share price rises almost 7%, on 10.6m volume, after no news and of course on the back of the "disasterous" placement announcement. Again you're just not happy. It's just not doing what you want it to do is it.

    Is it bad that it falls on high volume and is it also bad that it rises on high volume? Which one is it? What the hell is it that your "system" is trying to tell you.

    If everyone else followed your "system" we'd probably all be broke now.

    The market has told us what the share is worth. At least for today (and the past week or so) you are wrong - again.

    If you hold, then good luck. It you don't, then please stop being such a gripper. You're becoming the thing you protest about so much.

    Cheers

    Badfish

    p.s. For your edification a gripper is a w@nker that won't let go!
 
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