To Insto's /Brokers, I'm going to tell everyone who wants to sell at 30c, to do so today at the closing auction. I understand that volatility in the market place has tight stop losses on you from your clients, and that you don't want a repeat of what happened when we hit 20c and retraced to 15c (we ALL remember that, and even though it coincided with the 5c placement coming ON at that time).
You guys were gutsy this morning to test the waters, and your instincts were right, still a few offline sellers for 30c.
After today, the way will be clear to dry up the volume and hit 34c - at which time all hell can break loose and we FLY.
Let me know if you need help at 50c (as you know, that is the next magic number).
All IMO guys and a bit of fun, if you guys can relate. GLTAH, and that guy that sold at 20c a couple of weeks ago and was adamant by posting we would retrace to 16c at which point he will buy back in...
GMM Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held