" What do you have to say to those people" asked L8823 Aug 2023 10:25
1stly no one buys shares expecting them to go down. Most like myself buy shares to see a higher SP simples. We will have hurdles in which is part and parcel of investing. No reason why SP shouldn't have gone above 1.7p. It was the CLN that killed the SP and EMS drag on balance sheet. So now CMC Markets on brokering, I would blame them for being just as bad as the last broker. By the looks of it CMC markets are happy with 20% every spike as they can see plenty of money to be made. Since they took over theres been 5 spikes created by them. This is just like the RR pattern (not value before you get dizzy)
Now on the otherhand why would anyone buy a share and want for it to go down? You have been claiming .4/.5 etc for 3 months since you posted & CMC took over. However its 100% up from Dec/Jan of 0.37. We plenty of news to come and thats came out. Some investors are in for 1 day, 1 week, until the next rent payments due. Then you have LTH's who can see the value in a company/bod/strategy etc.
GKP 15 years ago look at its pattern. Those of us that were in at the similar price of GST hit it big time. Now look at the SP its nowwhere near where it was. AFR/SOLG/CNR/SAR/VAL all had a special poster like yourself!!!!