Smart money was flowing out from most of the other potash stocks in last 7 trading days while ELM was up nearly 20%. ASX All Ordinaries was also going all the way up 4.2% at the same time period.
ASX: Up from 4753 to 4954 - 4% Up
ELM: Up from $2.24 to $2.68 20% Up
FMJ: Down from $3.00 to $2.20 - 26% Loss
STB: Down from $5.25 to $4.26 - 19% Loss
RUM: Down from 56c to 47c - 16% Loss
GMM: Down from 25c to 22c - 12% Loss
Where do you think that smart money was going to? IMO, straight into ELM. I can see some more will pour in to ELM this week.
(the only exception was RDW which made a specualtive anns that Lake
Disappointment tradional owners might give permission for mining, which I don't think so)
- Forums
- ASX - By Stock
- smart money pouring in to elm
Smart money was flowing out from most of the other potash stocks...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add K2P (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online