It will.
It can't not, a rise is inevitable based on its resource alone.
Major shareholding details support this.
Registry turnover - interest - confirms it.
And inevitably, the company will act on its recently announced intentions an the share will go into the 20's.
If all goes to plan, i will be very surprised (like yesterday) if the share isn't a minimum of 50c by Sept 2011.
Just a prediction to hold on to, but it is based on its long term plays and its tangible value (Net Asset Value in my mind) and not just a few little results from a small area like most companies that are ramped on hype alone.
I figure that my prediction from yesterday is looking more likely, but i will stretch it out until tomorrow - 9.5c closing price.
The gap is filled, the retrace has mustered support and little volume ever pushed it down.
Now that the triggered stop loss owners from the last 2 days are buying back in, we might see some bots reactivated and they will begin falling over each other and the momentum will resume towards 10c. They will sweep for off-screen orders and wah-lah, the price could well jump in a jiffy.
It will be just like AVB - same traders, same observations, same Director input and an inevitable recovery above 10c after hovering at 9-10 for a couple of days.
What a fun stock to observe :-)
Good Luck
L
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thats it crawl its way up baby, page-2
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Last
16.0¢ |
Change
0.015(10.3%) |
Mkt cap ! $65.15M |
Open | High | Low | Value | Volume |
15.0¢ | 16.0¢ | 15.0¢ | $83.51K | 553.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51532 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 153815 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 51532 | 0.155 |
3 | 581149 | 0.150 |
1 | 80000 | 0.145 |
4 | 353765 | 0.140 |
6 | 159673 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 151615 | 3 |
0.165 | 45906 | 4 |
0.170 | 145647 | 3 |
0.175 | 33844 | 4 |
0.180 | 64018 | 3 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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