HDG 0.00% 1.0¢ hodges resources limited

up another 10pc. oppies up 25pc, page-10

  1. 7,611 Posts.
    Jenita , the ASX monitors 'relative' price movements and volume changes and issues so called 'speeding tickets' when unusual trading occurs.

    HDG/O have at least doubled in price and quadrupled in daily volume over a short period. This would usually result in the ASX issueing a speeding ticket , irrespective of how 'tightly held' a stock is.

    Had yesterday not been a bloodbath across the market , and HDG traded up to 50c , I suspect the ASX would have intervened ,,, in a way , the market action yesterday has probably helped HDG as they are unlikely to welcome a 'please explain' from the ASX at this point.

    May I ask where you see this stock going short term?

    Cheers
    SALTY
 
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