I believe that discussing how many shares one owns is uncouth and sort of stupid as anyone can claim or say anything, but I am having a problem not freaking out over the low volume in trading. I started buying Linc in 2007 and sort of kept it up. Linc is now the biggest holding I have ever had in any stock. Now the uncouth part...I am holding more shares than any of the last 4 days trading volume.
It was scary when my portfolio value of Linc in the ASX would vary by maybe tens of thousands of dollars per day with the bots and funds under full steam and I must say I don't miss that action, but this is another extreme. Now with daily volumes commonly less than 200,000 shares there is hardly room to move.
Makes one feel a bit insecure about being able to sell at one's pleasure.
It is nice that the Genting guys don't want to sell and it seems that at the current price nobody else does either, but what does a price mean with such little volume? I'm not sure that it is valid. Another thing is that with volume so low it opens the door for CS or whoever to pull some nasty shorting routine which none of us would like.
Would love some discussion on the subject.
Thanks, BigTime
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