RE: RE: Share volume12 Apr 2019 11:11
Richteex - three little words - Fear of placing.
It was genuinely good news yesterday, appetite for the shares is out there, but fear of placings, means IMO, FOR THE MOMENT, a share spike like yesterday is unsustainable.
People topslice or sell out knowing, on the balance of probability, they can rebuy in a day or two. Its a dangerous game, because if these solid steps in production continues, it will go one day and NOT come down again.
I have been in since November ‘16, the charts don’t lie, its been very difficult. But the company will eventually shake itself of the stigma and move on.
Don’t know if you were here for pine mills, but until now, I don’t think the BOD managed to shake off the disappointment. But the signs are encouraging, even though the balance sheet still needs longterm stabilisation.
Keep the faith.
S