""But the more shares end up in LT hands the less will be there for those sell-downs.""
That is my point. If people buy the story and hold, then the shares will not be there to be bought thus pushing the share price higher for those who want them.
What we have now and in most stocks someone buys 300,000 at 5c and the sells them at 5.3c.
Thus creating more pressure on the stock.
MNW was able to go higher because there were major buyers who were buying and holding. Thus pushing it up on a daily basis. From 3c in August to 44c in October.
Now that's a great performance. To achieve that outcome you must have a good network of buyers with deep pockets who can come in and support the stock when necessary.
MNW was a classic story of how, with good news and an interesting concept they could achieve a 13 plus bagger in record quick time.
Good luck to all involved in that story. They did a great job. Where it goes from here is anyones guess but with 19 million shares done today no one can complain they didn't have the opportunity to exit and walk away with a HUGE profit.
CGP Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
