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Your mate's a trader, and that's fine as long as he knows what...

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y0jimbo

1,022 Posts.

39

03/04/17

18:51

Post #: 23824596
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Originally posted by Pizzas4 ↑

Hey Y0

You are spot on but Gold and other LT holders are excited not just by the price movement but I think more by the validation of their position as long term holders. I had one of my mates sell 8m shares in the last weeks because he couldn't see any volume or validation of the company in the markets eyes. He is sick today but will not buy back because nothing has changed in his eyes too!

It is not easy to have a large holding and see the market ignore the company despite the positive announcements and industry positioning as a leader in sponsored data. The public is still struggling to understand sponsored data but more publicity and the recent videos help.

I agree that if Gold wants to dance in the streets go for it but I like your take in that the company has not changed from last week, just a few more people have noticed it to replace the people who have left as LOTM suggests.

That said whether it is 2.6 or 4.6 the opportunity is one not to be missed IMO.

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Your mate's a trader, and that's fine as long as he knows what that means. He uses stock price movements to guide him, I don't.

SYT Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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