HDG 0.00% 1.0¢ hodges resources limited

12m mc, 3m cash, 400mt jorc!! 2bt target!!, page-57

  1. 6,294 Posts.
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    Yes, rediculously cheap isn't it :)

    Time to buy more soon I think. Today was just a bit of very low volume profit taking. Naturally after such a sharp jump in share price, a few people will be happy with their 25% gains.

    Wednesday (up 4%) - 0.43M volume
    Thursday (up 11%) - 0.38M volume
    Friday (up 25%) - 1.4M volume
    Monday (up 8%) - 1.3M volume

    Tuesday (down 11%) - 0.27M volume

    Today saw the lowest volume since March 2, that is almost three weeks ago.Not many people are selling. Low volume profit taking, that's all it is. In a stock with not much liquidity, this affect is amplified.
 
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