Hi Am back and have been watching the screens for the last few...

Hi
Am back and have been watching the screens for the last few hours and it all seems to have traded pretty much as expected,the open prices were such good value for people wanting to buy , 3c, Unbelievable value. I know a few people who secured gda at the open prices and they are pretty happy, They are holding for the results and bonus shares and free ataching options.....
Apart from the day traders I am asking myself why some people are selling. What were they thinking when they listed their shares at 3c?
The 5 c trades happened when the sell volume dropped to 10m shares and there were 56 m on the buy side.
The last hour should be alotmore active than the last two.
volumeis huge so far at 318m shares traded and on a very red day across the world markets, GDA is the shining light . The buying today will look very cheap next week.
The oreders seem to be dominated by big transactions. There are still a lot of peolpe that don't know about GDA so suspect most of the rise so far in the last two days has been hc and daytraders ( who are probably all hc users as well) . Flinders took a coupleof weeks building momentum and recognition thought the wider community.

The relatively high sell side I think is because the rights issue has been llocated to the initial acceptances and they can trade the shares and I suspect many millions are being put on the market to take a profit so the shares they retain are free carried so to speak. This willget taken uptoday and probablyalready has sofor the price to be as strong and consistent as it has says a lot for how cheap gda is at the 4.3 to 4.4 c level currently.

cheers Fatstocks.